A weak dollar, stagflation or a recession will lead to more lay offs as Americans continue to spend less which is also bad for the stock market. 🇺🇸 There is a much higher risk of stagflation in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday. There is also consensus on the weakness of the U.S. dollar, with a majority expecting the euro at or above $1.11 to end the year, at least an 8% decrease for the U.S. currency this year.

https://www.reuters.com/business/global-markets-survey-2025-04-25/