|
Cyclicals have been trounced by
defensives this year as investors are increasingly
apprehensive about policy and economic uncertainty. There
could be a near-term bounce coming, but without more policy
clarity it could prove just to be a relief rally.
|
|
00:01 - 28/03/25
|
|
|
|
|
|
|
|
|
|
|
|
The
generous valuations of the mega caps have stretched the S&P
500 to a point where if their growth slows it risks a
further mark down.
|
|
|
|
|
|
|
|
|
|
|
|
That tremendous premium that US stocks have
commanded over their European counterparts is eroding.
|
|
|
|
.jpg)
|
|
|
|
|
|
|
|
Ruling by decree is the stuff of autocracy. I'm not
a fan when any president does this sort of stuff, I don't
care what their party is. We have three branches of
government because we're a republic, not a dictatorship |
|
|
|
|
|
|
|
|
|
|
|
There
are plenty of reserves in the financial system, so the
tapering of QT remains a bit elusive in terms of the
reasoning behind it.
|
|
|
|
|
|
|
|
|
