RenMac
RenMac Off-Script: Momentum Vs. Beta
Mar 1, 2024
RenMac discusses relief rally in response to expected inflation data, the underpricing of a May Fed cut, Michigan's warning signs, Haley's potential continuation after Super Tuesday, firmness of global indices, and relative weakness in utilities and staples.
15:20
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Quick takeaways
- Consensus meeting expectations triggered a relief rally despite inflation data, urging caution in reacting impulsively to single data points.
- Government shutdown viewed as a temporary setback, emphasizing the need for fiscal stability amidst upcoming elections and policy changes.
Deep dives
Inflation Numbers and Market Reaction
Despite recent inflation figures coming in as expected, the market experienced a relief rally due to the consensus meeting expectations. While some speculate on potential Fed actions, cautious optimism is advised, with a focus on maintaining fundamental views rather than reacting strongly to single data points.
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