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Wall Street’s most bullish economic forecasts hang on a simple prediction: Everybody will flood back soon to their local gyms, bars and yoga studios as if the pandemic was in the past. ....
(Bloomberg) Wall Street’s most bullish economic forecasts hang on a simple prediction: everybody will flood back soon to their local gyms, bars and yoga studios as if the pandemic was in the past. A jobs boom in the vast U.S. service sector – the nation’s largest employer ranging from software developers to the local Chipotle – is a central part of bold calls on growth this year. The thinking is that vaccines and mounting immunity unleash. ....