Saturday, March 2, 2024

Dovish Fed could ‘unlock’ market, earnings potential in 2024, GLOBALT Investments

Big Banks have reported fourth-quarter earnings and now Big Tech is up to bat. GLOBALT Investments Senior Portfolio Manager Keith explains his sentiment on earnings and market outlooks
“What [would] unlock the potential for the market to see through that earnings potential and that growth that we’re underway right now,” Buchanan explains, “is that the Federal Reserve didn’t push back on the dovishness, the anticipation of a dovish Fed throughout 2024, and the Fed perhaps taking their foot off of the brake let the markets see back through to earnings and what’s driving stocks on a fundamental basis.”
Buchanan also comments on the Fed’s interest rate cut timeline and current valuations.
#youtube #interestrates #stockmarket

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