2023-12: Global assets, US assets' driving forces getting more aligned with each other as the US interest rates ease, both include AI stocks
tsterm.substack.com
According to tsterm.com, using 6-month ahead horizon, When we add non-US assets to the US ones and call that basket global assets, that basket used to be mostly driven by transportation, utility or energy, industrial, etc., so forces centred on goods production, whilst the US equity was more by the technology and biotechnology/pharmaceutical firms. For example, at the start of September,
2023-12: Global assets, US assets' driving forces getting more aligned with each other as the US interest rates ease, both include AI stocks
2023-12: Global assets, US assets' driving…
2023-12: Global assets, US assets' driving forces getting more aligned with each other as the US interest rates ease, both include AI stocks
According to tsterm.com, using 6-month ahead horizon, When we add non-US assets to the US ones and call that basket global assets, that basket used to be mostly driven by transportation, utility or energy, industrial, etc., so forces centred on goods production, whilst the US equity was more by the technology and biotechnology/pharmaceutical firms. For example, at the start of September,