PANews reported on January 29th that Scott Helfstein, Global X's head of investment strategy, believes real interest rates may remain excessively elevated. Consequently, this could prompt the Federal Reserve to implement rate cuts in the near term. He argues the Fed might adopt a more dovish stance than markets currently anticipate, potentially reducing rates as soon as Q1. Furthermore, Helfstein observes that fundamentals are presently driving market behavior, with the ongoing earnings season meeting lofty expectations thus far as numerous companies maintain their guidance.
PANews reported on January 29th that, according to Jinshi, Scott Helfstein, head of investment strategy at Global X, pointed out in a report that real interest rates may still be too high, which could prompt the Federal Reserve to cut rates again soon. "This leads us to believe that the Fed may still be more dovish than the market expects and cut rates again as early as the first quarter," he said. Helfstein believes that the current market is likely driven by fundamentals, and the earnings season so far has met high expectations, with many companies reiterating their earnings guidance.
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