Known for identifying the housing market bubble in 2005, David Rosenberg is the chief economist and strategist at Rosenberg Research & AssociatesRosenberg Research
30-year US Treasury bonds should outperform the stock market as the Fed tightening cycle nears its end.
That’s according to top economist David Rosenberg, who called the 2008 housing crash.
Rosenberg said the current stock market rally “has been rather junky.”
Bonds should outperform stocks as the Federal Reserve ends its cycle of hiking interest rates, according to top economist David Rosenberg.
The Fed hasn’t hiked interest rates since its July meeting, and the market isn’t expecting a rate hike at the Fed’s last FOMC meeting of the year next month. That’s a big deal because historically, a five-month pause of no interest rate hikes marks the end of the Fed’s tightening cycle.
If the Fed does keep interest rates unchanged at its December FOMC meeting, “the cycle is over. The next move would be a cut,” Rosenberg said in a…
2023-11-08 22:03:33
Post from finance.yahoo.com
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