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Strong US Growth too Hot to Handle?
31st October 2023
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By Falco Private Wealth
Falco Group

  • US Q3 GDP growth was big surprise to the market keeping up the pressure for higher rates
  • FOMC is unlikely to raise rates this week but will likely express their intense vigilance
  • In the equity market higher long term yields will pressure growth sectors such as Tech
  • The tech sector has its long term merits but valuations look 20-30% too high if 10 year yields remain at or above 5%.