Strategist: As Fed Prepares 2024 Rate Cuts, Flood of Cash From High Yields Will Seek New Bets
- Strategist Cash will be unattractive in 2024 as Fed starts rate cuts
- Lots of money currently in money markets to take advantage of high rates
- Once Fed cuts rates, cash will lose appeal and investors can deploy into new opportunities
- 2024 political risks battles over spending, foreign aid, election
- International risk Middle East tensions