Reported 2 months ago
A recent discussion led by SEI's chief investment officer, Jim Smigiel, highlights a potential 'disappointment' for markets in 2024, specifically regarding expectations for Federal Reserve rate cuts. While current market movements reflect a relief rally after lower-than-expected inflation data, Smigiel notes that inflation remains consistent and warns that the anticipated rate cuts may occur sooner and be less substantial than investors expect, posing a risk to market stability. He emphasizes the need for diversified portfolios and identifies commodities as an attractive investment sector.
Source: YAHOO