Fynsa
The data indicate that we appear to be reaching the peak of this tightening cycle, as highly restrictive financial and credit conditions will begin to be felt more strongly in activity in the coming quarters.
Any of the last 3 months of core inflation in the U.S. has been the softest reading since September 2021.
While equities have a relative advantage over bonds in a more inflationary environment, as inflationary pressures begin to moderate, an intermediate step in risk taking should be via investment grade fixed income.
