Don’t Jump Ship On A Rising Tide
Global liquidity injections and falling inflation support markets. Equities and commodities are bullish, while crypto faces election-related caution. Inflation hedges like gold and bitcoin benefit.
September 29, 2024 Observations
PCE fell to 2.2%, giving the Fed more room to ease. Focus shifts to unemployment data to support the rally. China’s stimulus boosts global assets like gold and bitcoin.
