Caution in equities is still required while Fed rates plateau. Market performance between when the Fed stops raising rates and the first cut could be positive or negative, depending on economic conditions.
Summary
- Amundi asset class views
- DM equity: focus on quality, entry points in the case of correction
- DM fixed income: stay with quality credit and core govies
- EM assets favoured due to tamer inflation and earnings recovery
- Oil to firm on evidence of tightness
- Another cyclical test for the dollar’s hegemony
- Alpha makes up for poor market conditions
- Private markets: look for resilient assets
- Main themes in Net Zero investing
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