The US economy is facing a 'Wile E Coyote' moment, UBS says
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Investing pros are using animal analogies to describe the state of the financial world and it's not looking good. The US economy might be set up for a Looney Tunes style plummet as the gravity of the Iran war sets in, according to UBS' chief global economist Paul Donovan. Meanwhile, Piper Sandler's chief market technician Craig Johnson described the current stock market as "trying to outrun a bear" with investors ignoring mounting risks. The "Wile E Coyote effect" is in full swing for developed
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