Weekly Commentary | December 17, 2023 | How To Identify If Low Coverage Ratios Are A Red Flag

Summary

• The Fed signals more substantial rate cuts for 2024, leading to a melt-up in risk assets and new all-time highs for the Dow Jones and S&P 500.

• Inflation remains steady, with producer prices rising at the slowest pace in three years and consumer price inflation in line with estimates.

• Money is flowing out of short-bonds and into longer-dated maturit…