You do expect rates to come down in the US to around 3% by the middle of next year
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That coupled with ongoing economic growth and some moderation in the dollar is a reasonably good setup for risk assets and equities in general
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Tech stocks have continued to dominate the US market, making up almost 40% of the index, but this year diversification has really worked with US markets underperforming other markets like UK that have little tech exposure
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Aggregate upside is limited because valuations are reasonably high, but profit and dividend growth should drive equities