Macro Talking Points

Goldilocks on steroids. The Goldilocks macro scenario got a major boost last week from the market-friendly US CPI print. Disinflation is now back on track, while the growth trajectory seems to be consistent with a soft landing. These factors precisely underpin that Goldilocks regime, one that is supportive of both fixed income and risky assets and an ideal scenario for the 60/40 portfolio, with the two sides pushing in the right direction.