Tactical Rules Give the Green Light: Portfolios Favor Stock Exposure
The Fed is likely to raise rates again, in our view. The Trend is positive, this suggests to us an upside target of 4800 on S&P 500.
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The Fed is likely to raise rates again, in our view. The Trend is positive, this suggests to us an upside target of 4800 on S&P 500.
Since the last update of our Three Tactical Rules on April 4th, financial markets continue to wrestle with inflation, rate hikes/cuts, and fears of recession.
Financial markets have been volatile all year as investors have worried about inflation, rate hikes, a banking crisis, and recession.
Progress has been made and the trend of tactical rules are moving towards a more neutral portfolio positioning, in our view.
The Fed appears on track to decelerate the pace of its rate hikes, but far from a rate cutting pivot, in our opinion.