Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

Cross Asset Strategy

<ul>
<li>To assess US equity direction before rate cut, we must first forecast the next rate cut. Our house forecasts that there will only be one rate cut during 2024.</li>
<li>We believe S&amp;P500, after hitting all-time high this week is due a 10% correction until the rate cut in September. Rate cuts are essential for S&amp;P500 to tread new high. </li>
<li>But we believe the rate cut is going to be one-off as the labor market remains bullish and inflation still comes off a tad higher than the Fed target.</li>
</ul>


To assess US equity direction before rate cut, we must first forecast the next rate cut. Our house forecasts that there will only be one rate cut during 2024.
We believe S&amp;P500, after hitting all-time high this week is due a 10% correction until the rate cut in September. Rate cuts are essential for S&amp;P500 to tread new high. 
But we believe the rate cut is going to be one-off as the labor market remains bullish and inflation still comes off a tad higher than the Fed target.


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