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This may have been higher earlier within the week, however right here goes … By way of HSBC, analysts there saying its now a ‘Reverse Goldilocks’ atmosphere and time to get out of danger belongings:

• the rally into year-end 2023 was ‘Goldilocks’, the Fed’s dovish pivot in December amplified it

However now its time to reverse that, going with the momentum argument first:

• “Markets usually commerce the path of journey / charge of change. And that’s down and unfavourable.
• minimize obese on equities, decreased publicity to US and European belongings to underweight from obese
• await a greater reentry level by way of investor positioning and sentiment

This text was written by Eamonn Sheridan at www.forexlive.com.

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