Equities oversold. Window closing fast.
Macro backdrop: GDP growth holding, corporate earnings beating, consumer spending resilient. Infrastructure capex unaffected by rate environment—fiscal spending still flowing.
No geopolitical escalation scenario = risk-on. Crude pricing down = margin relief for cyclicals and discretionary. Core inflation rolling over—Fed pivot timeline pulling forward.
Political risk premium compressing. Midterm dynamics shifting toward gridlock = less policy volatility = lower discount rates.
Technical: Correction complete. Institutional buying accelerated into Friday close. Flow data confirms re-risk underway.
Position accordingly. This dip won't stay available.
Macro backdrop: GDP growth holding, corporate earnings beating, consumer spending resilient. Infrastructure capex unaffected by rate environment—fiscal spending still flowing.
No geopolitical escalation scenario = risk-on. Crude pricing down = margin relief for cyclicals and discretionary. Core inflation rolling over—Fed pivot timeline pulling forward.
Political risk premium compressing. Midterm dynamics shifting toward gridlock = less policy volatility = lower discount rates.
Technical: Correction complete. Institutional buying accelerated into Friday close. Flow data confirms re-risk underway.
Position accordingly. This dip won't stay available.