Questioning Investors’ Most Strongly Held Assumptions
<p>Afew months ago I was thinking of writing this article and the premise would have been questioning the assumption that high inflation and high interest rates are here to stay. It seems that my skepticism, as weakly held as it was (I mean I didn’t even publish the story), was correct.</p>
<p>Now I can actually write the opposite story as a soft landing is firmly priced in by the stock market. You could make a strong argument that recent price levels are pricing in not just a soft landing but robust economic and earnings growth. That’s a far cry from the fears over high inflation, high interest rates, and recession that we faced at the end of 2022. Now based on recent stock and bond performance, investors are betting that interest rates have peaked, the job market will remain healthy, and that rates might even come down a bit in 2024.</p>
<p><a href="https://medium.com/alpha-beta-blog/questioning-investors-most-strongly-held-assumptions-21a5aaf13bbc"><strong>Click Here</strong></a></p>