Jakub Rochlitz

My base case is that the Fed will leave rates unchanged in October and raise them in December, with the market pricing in higher rates well into 2027. That is unfavorable for traditional blue-chip stocks. REITs and utilities now compete directly with government bonds yielding 5+%. The tech sector could paradoxically be the only one to withstand rising rates thanks to r

Core inflation rose 0.3% month-on-month and 2.6% year-on-year versus the expected 2.5%, while the previous reading was 2.4%. Higher energy costs are starting to feed into the overall price level. This carries the risk that energy prices will filter through the economy and push inflation up, which would force the Fed to accelerate its rate-hike plan. The probability of a rate…