It's all about the rates

It's all about the rates

Speculation around interest rates is the main focus of markets with consensus being that they will fall. Hence, equity markets and gold are rising. It is a simple equation. This is notwithstanding that there is nothing to get excited about on the economic front and there are serious uncertainties on the geopolitical environment. Journalists are starting to acknowledge that this is indeed a new Cold War, but this time with China. Yet, markets are happy to skate away on the thin ice of a new day.

What will happen when the rate cuts come through? What will be the next focus and will it support a move up or down? What will be the catalyst for a different perception? No-one s