WS #15272
Global markets have recovered from earlier bond-shock lows as weak US employment data has significantly reduced the probability of aggressive Federal Reserve rate hikes. This shift in monetary policy expectations provides a tailwind for high-multiple growth stocks and reduces the cost of capital, supporting the ongoing rally in equities across both US and European indices.
Macro Shift and Rate Hopes
Global markets have recovered from earlier bond-shock lows as weak US employment data has significantly reduced the probability of aggressive Federal Reserve rate hikes. This shift in monetary policy expectations provides a tailwind for high-multiple growth stocks and reduces the cost of capital, supporting the ongoing rally in equities across both US and European indices.