ACTV - Geopolitical Fragmentation Plays Out
2024-01-22 12:50:00 ET
Summary
- Geopolitical fragmentation is accelerating, as seen with recent events in Asia and the Middle East. We see it keeping inflation pressures elevated longer term.
- U.S. stocks climbed to record highs last week. The 10-year U.S. Treasury yield rose as markets priced in fewer rate cuts - but still more than we expect.
- We think the European Central Bank will hold rates steady at its policy meeting this week, and the Bank of Japan faces pressure to tighten its ultra-loose policy.
Transcript
Geopolitical fragmentation, one of the five mega forces we’re tracking, is playing out....
Geopolitical Fragmentation Plays Out