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Episodes
Saturday Mar 30, 2024
Saturday Mar 30, 2024
Today on the show, we welcome Senior Cross-Asset Financial Analyst Lee Sotos. He looks at how the US financials sector is fairing in reaction to interest rates and global trends. Lee explains that the rates towards US Financials and Global Financial Fund are still being held, and that the market has decreased rate cuts this year moving from 6 to 3. The sector is still working towards a soft landing, although that is a difficult goal when unemployment remains high and components such as wage and inflation are engineered by the Federal Reserve. The Fed is currently being careful of the economy that is actively being pushed into a softer time period, where the rates stay higher up for longer. Lee also dives further into the Global Financial Services Fund, stating that its current team is primarily increasing fund payments of major companies like Visa and MasterCard. The team believes this fund is durable enough to keep up with a soft landing or even a no-landing scenario, and that it could have a more balanced approach should the rates go down faster than expected.
Recorded on March 6, 2024.
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