Everyone Is Looking Left.
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Everyone Is Looking Left. Dear Investor.
Again, investors fall prey to the Fed; let's get this straight, not even the Fed knows when rates will start to fall. Pure emotions rule most markets today. How many outright warning signs are needed...rates are not going down in March.
When Mr. Powell said that rates would be coming down next year at the last Fed meeting...investors ran with the ball into the end zone.
The problem is jumping the gun with a wishlist that's way too optimistic or even foolish at times. Just last week, IMG addressed not to get ahead of ourselves...4, 5, or 6 cuts when we haven´t arrived at the first. The cuts are coming but not tomorrow.
This, by the way, is not the only thing going on, everyone is looking left, but the surprise will come from the blind side. A New York Bank seems to be in a delicate position. What will happen next? Banking crises have a quiet window before they tend to blow up.
In the Middle East tensions are at extreme highs; further reactions from all sides should be expected soon. New warnings issued by the Saudis and Egypt regarding the latest developments in Gaza. Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
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