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Moomoo 24/7 ·  Dec 7, 2023 22:52

He warned clients Thursday that equities and other risk assets won’t be able to sustain any potential rallies without substantial interest-rate cuts by central banks — and he doesn’t anticipate that unless markets drop severely or the economy stalls. For that reason, he said investors should opt for cash or bonds over stocks.“This is a catch-22 situation,” Kolanovic said in a note. “This would imply that we would need to first see some market declines and volatility during 2024 before easing of monetary conditions and a more sustainable rally.”

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