Markets Cheer the Ceasefire — But the Real Risks Are Just Beginning
Global markets staged a historic relief rally after the US-Iran ceasefire, but inflation expectations have risen sharply and the Fed is on hold all year. The question is not whether to join the rally — it's how to position for the structurally more expensive world that follows.
Doubts About China’s Economic Data
The Chinese government reported 5% economic growth for 2024, aligning with the target set by the National People’s Congress. According to official statements, this was mainly driven by stimulus measures in the final quarter and strong exports. However, experts like the economists at the Rhodium Group estimate actual growth for 2024 at only 2.4% to 2.8%.