Azimut Investments - Market Insights

The rise in interest rates that began this year has remained steadfast Recently several macroeconomic data as well as heightened geopolitical tensions have helped validate the scenario that central banks may have to wait to cut rates longer than previously announced.

The main event of the last three weeks was the FOMC meeting. Most of the focus was on the dot plot, mainly for 2024, as the upward surprises in inflation and economic data occurred since the previous FOMC meeting had sparked speculation that the number of expected cuts for this year could be...

In market commentary, this week has often been referred to as "central banks' week" because of the potentially far-reaching implications for markets of decisions that will be taken and messages conveyed by the Federal Reserve and, to a lesser extent, the Bank of Japan.

At the time of writing, 80% of developed market corporations have reported their Q3 results, revealing interesting divergences both regionally and across different metrics.

In our previous report, we compared the market and the Fed to the hare and the tortoise, respectively The inflation data of the past two weeks seem to have proved the tortoise right.

The long-awaited, perhaps over-anticipated, start of the rate-lowering cycle will be longed for a while yet, at least in the United States. If nothing else, for good reasons.

In the last few weeks, we came across some news that passed rather unnoticed but should have actually increased the focus on fixed income liquidity and demand for bonds the two areas capturing our attention

After 2023 ended with returns that were as positive as could be hoped for at the start of the year, 2024 began with a general decline in both stocks and bonds. Given the outsized gains that all asset classes experienced in the last two months of last year, this dynamic is neither surprising nor...