It is looking increasingly likely that the US will be facing a STAGFLATION. Why?

 Let's delve into the latest economic statistics to understand our outlook.

The core PCE (mom) has been trending up since last Nov 2024 as shown by the above chart.

The 5-year inflation expectation has revised up to 4.1% which is way above the Fed's targeted 2% inflation rate.

The GDP projection has declined again to -2.8%.

The US is facing a stagflation consternation with falling GDP growth and rising inflation.

Baltic dry index - 1602

Related stock: Seatrium, Cosco & Pan Ocean.

US rig count (weekly) - 592

Related stock: Seatrium & Cosco.

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/24	UOB Kay Hian	Mapletree Commercial	1.57	1.68	Buy
01/03/24	UOB Kay Hian	Mapletree Commercial	1.54	1.87	Buy
01/30/24	DBS Vickers	Mapletree Commercial	1.39	2	Buy
01/30/24	CIMB	Mapletree Commercial	1.39	1.54	Add	DDM
01/30/24	OCBC	Mapletree Commercial	1.39	1.59	Buy
01/30/24	Citi Research	Mapletree Commercial	1.39	1.47	Buy
02/14/24	UOB Kay Hian	Mapletree Commercial	1.39	1.86	Buy	DDM
03/13/24	UOB Kay Hian	Mapletree Commercial	1.32	1.86	Buy	DDM
04/24/24	DBS Vickers	Mapletree Commercial	1.25	2	Buy
04/24/24	Lim & Tan	Mapletree Commercial	1.25	1.64	Accumulate on weakness
04/25/24	DBS Vickers	Mapletree Commercial	1.28	1.75	Buy	DCF
04/30/24	UOB Kay Hian	Mapletree Commercial	1.26	1.89	Buy	DDM
05/06/24	UOB Kay Hian	Mapletree Commercial	1.22	1.89	Buy	DDM
05/31/24	DBS Vickers	Mapletree Commercial	1.22	1.75	Buy	DCF
05/31/24	Lim & Tan	Mapletree Commercial	1.22	1.54	Avoid
06/03/24	UOB Kay Hian	Mapletree Commercial	1.22	1.9	Buy	PB
06/04/24	CIMB	Mapletree Commercial	1.25	1.59	Add	DDM
06/28/24	Lim & Tan	Mapletree Commercial	1.22	1.55	Accumulate
06/28/24	Citi Research	Mapletree Commercial	1.22	1.47	Buy
07/01/24	DBS Vickers	Mapletree Commercial	1.22	1.75	Buy	DCF
07/02/24	UOB Kay Hian	Mapletree Commercial	1.24	1.73	Buy
07/08/24	CIMB	Mapletree Commercial	1.23	1.58	Add	DDM
07/09/24	UOB Kay Hian	Mapletree Commercial	1.23	1.68	Buy	DDM
07/29/24	Kim Eng	Mapletree Commercial	1.28	1.3	Hold
09/10/24	DBS Vickers	Mapletree Commercial	1.41	1.75	Buy	DCF
10/07/24	DBS Vickers	Mapletree Commercial	1.51	1.75	Buy	DCF
10/25/24	DBS Vickers	Mapletree Commercial	1.41	1.8	Buy	DCF
10/25/24	Lim & Tan	Mapletree Commercial	1.41	1.52	Accumulate
10/25/24	Citi Research	Mapletree Commercial	1.41	1.47	Buy	DDM & RNAV
10/29/24	UOB Kay Hian	Mapletree Commercial	1.33	1.71	Buy	DDM
11/26/24	Macquarie	Mapletree Commercial	1.23	1.6	Buy
11/26/24	OCBC	Mapletree Commercial	1.23	1.54	Buy
01/02/25	UOB Kay Hian	Mapletree Commercial	1.21	1.71	Buy	DDM
01/24/25	DBS Vickers	Mapletree Commercial	1.19	1.8	Buy	DCF
01/27/25	UOB Kay Hian	Mapletree Commercial	1.2	1.6	Buy	DDM
01/27/25	OCBC	Mapletree Commercial	1.2	1.48	Buy
01/27/25	Citi Research	Mapletree Commercial	1.2	1.47	Buy
03/06/25	UOB Kay Hian	Mapletree Commercial	1.19	1.6	Buy	DDM