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$600 Billion Writes Off Recession
And the biggest driver of equity prices in 2024 will be -- drumroll -- the Fed.
That's according to "an outright majority" of participants in the January installment of BofA's closely-watched Global Fund Manager survey.
Specifically, the share which identified the Fed as the most important factor was 52%. 33% said corporate earnings. 68% said the Fed will be the most important factor for bond yields.
The poll also suggested investors have never been more bullish on short-term rates. More than
Manufacturing keeps being weak. I know that’s no longer a driver in the US economy but still…
Hello, Walt!
Your perspectives always inform and serve the good purposes of confirming my own market understanding or redirecting my thinking to consider other options. Thanks a bunch! Hope I can be similarly useful when I retire in just a couple of years.
Best wishes in 2024! Good health and happiness!