S&P 500 technical breakout suggests higher highs - Fairlead Strategies
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Citi answers the question: Is S&P 500 expensive?
January 22, 2024 6:00 AM ESTCiti strategists led by Scott Chronert weighed in on the debate if the S&P 500 valuation is too rich following the recent rally in risk assets.
Strategists argue that elevated price-to-earnings (P/E) ratio is misleading, primarily driven by mega-cap growth stocks.
The S&P 500 is not as expensive as the... More
Fed won't cut rates this year says this economist and warns: Don't bet against the US consumer
January 19, 2024 4:27 PM ESTMizuho economist Steve Ricchuito has based his 2024 outlook on a dramatically contrarian perspective - the Federal Reserve wont cut rates this year.
Diverging from the consensus that anticipates several Fed rate cuts in 2024, the economist contends that economic conditions may not align with the central bank's desires. He emphasizes the resilience of American consumers, citing their spending habits as a key factor.
Acknowledging the Fed's inclination to cut rates, Ricchuito highlights the third quarter's acceleration in real GDP to 5%, despite concerns of a credit-induced recession, which serves as a testament to the robustness of consumer... More
