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?
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?
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?