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Mid-Year Outlook: U.S. Stocks and Economy
Certain segments of the economy and stock market have experienced much stronger recoveries this year, underscoring a severe bifurcation between the "haves" and "have nots." Before getting to the outlook for the second half, let's assess how the first half unfolded relative to our expectations heading into this year. Although the economy has weakened less than we expected and market leadership has remained narrower than we expected, we did correctly anticipate: • Multiple cross-currents in term of economic data and inflation • "Rolling" pattern of strength and weakness among segments of the economy • Some cracks ... (full story)
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- Posted: Jun 10, 2024 7:16pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,650
