Eco-Tek Group Inc (ETEK)

[hondobud]

Part of the macro-outlook IMO is the fact many peeps believe interest rates are going to drop in 2024 which should facilitate increased activity in mergers and acquisitions. Should be good for ETEK and the OTC in general. From Business Insider- "The Fed raised rates four times in 2023, which have held steady since July with a benchmark borrowing rate between a target rate of 5.25%-5.5%. The Fed indicated three rate cuts coming in 2024 in hopes of bringing the Fed funds rate down to 2%-2.25% by 2026. Members of the Federal Open Market Committee don't agree on the number of rate cuts coming in 2024 — two anticipate none, while four expect four cuts." GLTA, HB. https://www.businessinsider.com/2024-economic-outlook-forecast-state-of-the-economy-recession-inflation-2023-12?op=1#relief-could-be-on-the-way-for-high-interest-rates-that-have-spiked-mortgage-and-credit-card-rates-through-the-roof-2