China's policy measures should provide support to risk, this is paired with the Fed's pricing of its easing cycle. Much is talked about a risk bubble but I don't see one, yet
I'm not smart enough to pencil in an S&P 500 Index target but from a global macro perspective it makes sense for risk to move up
Emerging markets could benefit because the Fed will shift and align with their domestic monetary policies. Implied policy rates see Brazil easing over 150bps in the next year, and Mexico is expected to lower rates by almost 200bps. Korea and India 1y implied rates price in only about 40bps of easing
Almost 60% of the MSCI EM Index is allocated in AsiaPac, Central Asia, and the Middle East follow the region concentration
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