Fynsa
What explains this nice world in terms of prices that we are living in?
This time there is a greater concentration on a choice of three cuttings
No correction has been observed so far in the equity market, despite technical indicators that the market is overbought and at all-time highs.
The January monetary policy meeting opened a chapter in the search for economic stability in a challenging global and local context.
The spread between the local rate and the FED rate has been compressed, but the game will continue until we have clarity on the beginning of the rate cut in the US and we discount the level to which the Central Bank will have to adjust rates.
In our 2024 Asset Allocation Outlook, bonds emerge as a prominent asset class.
It is time to sell the short-term deposit and buy the long-term deposit, looking for better rates in issuers that offer a higher premium.
For the time being, it is hard to think that the market alone will continue with rate rallies without a more committed Fed on the way to easing interest rates.
Market conditions have pushed Agency MBS valuations to historically low levels, making them an attractive investment.
