ACTV - Why We Stay Risk-On In The Short Term
2024-03-26 00:45:00 ET
Summary
- We see falling inflation, nearing interest rate cuts and solid corporate earnings supporting cheery risk sentiment. We tweak our tactical views and stay pro-risk.
- U.S. stocks hit record highs last week and 10-year yields fell as the Fed stuck with planned rate cuts. Japanese stocks gained on a cautious BOJ policy pivot.
- U.S. PCE takes center stage this week. We see goods deflation pulling down overall U.S. inflation for now before inflation resurges in 2025.
Transcript
Last week was a big week for central banks, and the key events worked out in favor of risk assets and we are dialing up risk-taking....
Why We Stay Risk-On In The Short Term