They Have Pulled the Lever
The Fed’s first rate cut in over a year marks a cautious shift toward protecting jobs as unemployment edges up. Inflation remains sticky, but this move offers the economy some breathing room while signalling vigilance. Investors, meanwhile, are already racing ahead, pricing in deeper cuts.
The AAA Model reflects this appetite for growth: up double digits year-to-date, with China, Japan, and emerging markets leading, and gold the lone non-equity standout. Defensive assets are fading as markets chase momentum. The message? Stay disciplined, follow the model, and keep conviction as the landscape evolves.
