Three things front of mind looking forward:
> interest rates are now lower
> a noisy Fall ahead
> elevated valuations (i.e., expectations)
With regards to interest rates, questions swirl around the pace and extent of cuts; but, what we do know is that they've begun.
Per the cacophony, which is surely to be this Autumn, there's the election and tied in with the above - economic data as it ebbs and flows.
Finally, we're left with an interesting setup with valuations elevated and their potential for air pockets.
How do these resolve, well we can put probabilities on things or use our ultimate tool - time.
br. -john
p.s. more soon
p.p.s. the market strikes me a quite vulnerable at this moment in time [16.10.2024]
Kommentare