Yield Hunting March 2024 Newsletter | Narratives, Narratives, Round And Round

Summary

• Rate cuts are being pushed back and the narrative is shifting towards higher-for-longer rates.

• The inflation story is expected to shift back to disinflation in the next month.

• The market is driven by narratives rather than fundamentals, and investors should be cautious of sentiment-driven investing.

• The Core Portfolio was down slightly (-0.3%) in th…