Fed Is Easing Into Major Regime Shift | Darius Dale

Bullish:

• $EQUITIES - Expecting continued growth surprises and Fed easing, supporting a bullish view on stocks in a late cycle expansion.

  • “We are expecting growth to continue generally and persistently surprising consensus expectations to the upside, which ultimately means the Fed is easing monetary policy into a late cycle expansion.”

    Darius·1:04
• $JPY - The market is underestimating potential policy normalization in Japan, suggesting an opportunity in the Japanese Yen.

  • “We believe that Japan the market is too sanguine with respect to the medium term outlook for Japanese policy normalization.”

    Darius·41:02

Bearish:

• $BONDS - The rally in bonds is likely in its later stages, while stocks, credit, crypto, and broader risk assets still have room to run.

  • “We're probably later innings in the rally in bonds. We still have a ways to go in terms of the rally in stocks and credit and and crypto and broader risk assets.”

    Darius·12:05
• $CHINARE - The Chinese property market is experiencing a severe downturn, described as crashing rather than merely deflating.

  • “The Chinese property market is is is deflating is probably a very kind word, but, like, I would say crashing.”

    Darius·41:02