This could have been higher earlier within the week, however right here goes … Through HSBC, analysts there saying its now a ‘Reverse Goldilocks’ surroundings and time to get out of danger property:
- the rally into year-end 2023 was ‘Goldilocks’, the Fed’s dovish pivot in December amplified it
However now its time to reverse that, going with the momentum argument first:
- “Markets usually commerce the route of journey / charge of change. And that’s down and damaging.
- minimize chubby on equities, decreased publicity to US and European property to underweight from chubby
- await a greater reentry level by way of investor positioning and sentiment
This text was written by Eamonn Sheridan at www.forexlive.com.
