This month, Mariam Kamshad from Goldman Sachs Ayco discussed the interplay between a rising stock market and some of the factors pushing back expectations for interest-rate cuts, including:
- The continued upward trajectory of the S&P 500
- The effect of a weaker-than-expected jobs report on bonds
- Downward revisions on rate-cut forecasts thanks to inflation and Fed signaling
- Resilient Q1 earnings reports driven by better-than-expected profit margins
