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Strong US Growth too Hot to Handle?
31st October 2023
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%.
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