Gap&Go: Morning Meetings with Caylum
For the morning of March 26, 2025:
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US: With recent economic data and equity decline, markets have started to price-in an economic slowdown and two rate cuts.
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EM: Will we see other equity markets esp EU + China diverge from US weakness? We think EMs are poised for a pull back after climbing substantially in 2025 especially on dollar strength. Other EMs such as PH remain in the doldrums and we expect foreign flows to be benign given global weakness.
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