Rate Cut Odds Decline as Yields Rise; Earnings Season Starts Amid Quantitative Tightening
• Probability of 4+ interest rate cuts by end of 2024 has fallen to 21.4% from 49.7%
• As rate cut expectations fall, government bond yields continue climbing
• Quantitative tightening to unwind past quantitative easing could significantly impact asset prices
• Energy stocks outperforming technology stocks year-to-date, presenting opportunities
• Q1 earnings season kicks off with financial services companies reporting next week