February 2024 Newsletter | Bickering Over March Or May

Summary

• The start date of the Fed cutting rates is not important and is just noise in the financial news media.

• The US economy is performing well compared to the rest of the world, leading to a hyper-euphoric sentiment in the markets.

• There is a risk of a market melt-up driven by AI and capital inflows into the US, but the rationale for a market sell-off i…