Markets are again to all-time highs once more, for the third time this 12 months and simply over the previous 3 months. Who is aware of whether or not third time’s a allure however I’m not chasing the momentum simply but.
Though information factors are all pointing to a Fed fee lower, that’s most likely priced in at this second. The one upside I see might be if the Fed goes for greater fee lower than anticipated however I believe that’s unlikely seeing how afraid they’re of inflation coming again.
There’s additionally the spectre of recession that appears to be buzzing available in the market once more, primarily based on slowing financial information popping out of the US. To this point previously, each time yield curve inverts there’s been a recession however up to now not but.
The opposite uncertainty arising is the US elections in November 2024. A Trump victory would most likely be constructive for the inventory markets quick time period vs Harris presidency. However who is aware of for positive,…
