Market now
expecting nearly 7 rate hikes from
Fed this year |
00:01 - 17/02/22 |
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Historically, almost every time the Fed
entered a tightening cycle, the yield curve flattened in
tandem |
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Headline inflation in China fell to 0.9%
in January. This compares to CPI levels of 7.5% and 5.1% in
the US and Eurozone. China has ample room to loosen its
monetary policy. This divergence brings diversification
benefits and is positive for risky assets, including
equities |
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The market has priced in seven 25-bps
hikes this year and two more next year. Fed tightening is in
everyone's mind. |
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Still early, but for value relative to
growth it's like 2001 all over again via SPDJIndices |
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