Opinion: There’s little to maintain the inventory market down as retiring boomers share their wealth | Invesloan.com

Upon reassessing our subjective probabilities for three alternative outlooks for the U.S. economy and markets, we’re sitting pat. Our base-case scenario (55% chance) remains the “Roaring 2020s.” Supporting that scenario: baby boomers are flush with wealth and are spending it.

We regularly assess the subjective probabilities that we assign to these three scenarios: the Roaring 2020s (55%), the “Meltup 1990s” (25%), and “Stagflationary 1970s” (20%). This last scenario, with the lowest probability currently, is our what-could-go-wrong “bucket.”