ITAÚ: You Can’t Always Get What You Want

The Rolling Stones have many hit songs, but a personal favorite is the above titled song from their 1969 album Let It Bleed. Its refrain is, “You can’t always get what you want, but if you try sometimes, you just might find, you get what you need.” This seems quite appropriate for the fall financial market setup. Investors want QE to never end, and while they are unlikely to get what they want, they may well get what they need, a lower-for-longer global economy that supports risk assets.

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