Current investment climate - September 2024
Eurozone inflation has reduced leading to expectations of a rate cut. European markets have reacted strongly. The FTSE is following suit closing above 8400 this month in spite of the impending budget and the likely strain on public finances. The Sector Rotation Clock has advanced within the Mid Expansion zone in the cycle.
The Barometer has dropped further to 0. The Hi-Lo-Grometer has moved into the light green zone (safe to buy stocks). The US Treasury Yield indicator remains in the -150 to -200 point zone and is still heavily inverted.
The Sector Cycle is advancing and I am expecting stock markets to rally this autumn.
