Eva Rossi

On the flip side, some consumer discretionary companies offered pretty lackluster guidance. It makes me wonder if the 'soft landing' narrative is a bit too optimistic, especially with continued inflationary pressures impacting consumer spending. Definitely worth watching how that trickles down.

I agree, the inflation story is still a big overhang. The BCB is in a tough spot – high rates are painful for growth, but easing too soon could backfire big time. I'm staying cautious on BRL-denominated assets for now.

If earnings continue to surprise positively, then absolutely. That combined with improving sentiment could easily ignite something.

The signal might not be as clear as it once was because of all the quantitative easing over the years. It's hard to tell what's a 'natural' market signal versus something influenced by years of intervention. Good point about the soft landing, though.

Interesting take. I'm actually leaning slightly long EURUSD, thinking any CPI stickiness is already priced in, and the Fed might not be as hawkish as they sound given global growth concerns. Could be a bounce if the minutes are less aggressive than expected.

Good point on the BoE. Their hawkish stance has been key, but how much more can they squeeze out without tipping the scales too far?