ACTV - 'Higher For Longer': The Market Is Over It... You Should Be Too
2024-05-16 01:15:00 ET
Summary
- “Higher for Longer” should read “Normal for Longer”.
- The post-Covid, post-globalization era ushers in a world of permanently higher inflation.
- A record 4.1 million “baby boomers” reach retirement age in 2024... a potential new stressor for an already tight labor market.
- This is all good news!
Should “Higher For Longer” read “Normal For Longer?”
If you have been sitting around the past year awaiting the Sword of Damocles (5% plus Fed funds) to fall on the market and economy, maybe you should be considering this question: why would rates being higher for longer necessarily disrupt the economy?...
'Higher For Longer': The Market Is Over It... You Should Be Too