Market Gauge still negative, but shifts higher to -4
3 factors moved to the "Favorable" column...
Inflation: Inflation has moderated and the Fed is likely to cut rates in 2024.
Liquidity: We are now in a flush liquidity environment.
Technical Picture: Market technicals look strong.
... and 1 factor moved to "Unfavorable"
Sentiment: Investor bullishness seems untethered from market fundamentals.
See the report for more information about the Market Gauge and how it works. (last published February 20).
Washington Policy
While both parties would like to extend the middle-class tax cuts, policymakers will have to consider the cost of doing so. Mar. 22
Global Asset Allocation
No changes to asset allocations this month as the team watches what could break them out of their allocation holding pattern. Mar. 21
Sector Allocation
Strategas adjusts its U.S. equity allocation to reflect a shift to a more pro-cyclical market position. Dec. 18