Confluence Asset Allocation Quarterly

Impact · against what's priced in

The outlook provides broad support for S&P 500 ETFs through expectations of dovish Fed policy, low recession risk, and structural passive inflows. These factors create a positive baseline for large-cap US equities, though the anticipated rotation toward international markets may limit relative outperformance.

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In context

Dovish monetary policy, low recession risk, and continued passive inflows into large-cap stocks provide a strong bullish backdrop for S&P 500 holdings.

Read from the article alone

• ai
• fed
• inflation
• asset allocation
• gdp
• gold
• international equities
• labor market
• market outlook
• recession
• trade policy