A Bearish David Rosenberg Re-Emerges: "Fade This Rally" As "Trump Will Engineer A Return To Deflation"

While the majority of sellside analysts predict that the impact of Trump's fiscal stimulus policies will be largely beneficial for US inflation and economic growth, if only in the short-term, with a knock on reverse effect following shortly after...
... one prominent strategist disagrees.
According to a recent report from Gluskin Sheff's David Rosenberg, in which he lays out is "out-of-the-box" call for 2017, "Trump will accidentally engineer a return to the disinflation trade" in the coming year, well ahead of most expectations.