the US lost 140k jobs in December, the first drop since April. the raging covid starts to take its toll. the US economy may suffer a double dip in Q1.
to be fair, the US economy has shown impressive resilience, but the relentless rage of the covid is too much. I made a call in September: "the second wave, the double dip". now I put the odds for Q1 dip at 50:50.
the US stock market has shown impressive resilience