2024 consensus trades:

Yields down

Credit spreads wider

Stocks up (US over international, but value over growth)

CRE down

Housing flat to down

Crypto is back

If gold holds here it is bullish

Commodities mixed?

Reply to this note

Please Login to reply.

Discussion

An impact that isn't being talked about is the impact of fiscal policy in the fourth year of Biden's term. It is highly likely the impact of the 'Inflation Reduction Act' will still be felt and the administration will do anything to juice the economy heading into the election. Could that stoke asset prices or inflation?