The case for equities to grind higher

Comparing U.S. real interest rates, in this case the U.S. 2’s minus YoY inflation rate.

Once Monthly overbought is achieved, observe subsequent real rates mean reversion/convergence.

The S&P 500 Index is the orange line.

October 5, 2023

by Rob Zdravevski

Karri Asset Advisors

rob@karriasset.com.au