JPM - Chinese Premier Courts Global Business Leaders US Consumer Sentiment On The Rise And More: Top Economics News This Week | Benzinga
As the week closes, a variety of intriguing narratives have unfolded across the business world. From billionaire predictions on the S&P 500 and the year 2024, to China’s burgeoning appeal to foreign investors. Furthermore, American consumer sentiment appears to be on the upswing, with a notable economist challenging economic pessimism. Let’s delve into these stories.
Gundlach’s S&P 500 Warning: Jeffrey Gundlach, CEO of DoubleLine Capital, recently shared his concerns about potential risks in the S&P 500. In a public webcast, the billionaire investor labeled the S&P 500 as a “pretty lousy trade location to own stocks”, suggesting underperformance of the so-called Magnificent Seven stocks compared to the broader market. Read the full article here.
Ray Dalio on 2024: Billionaire and hedge-fund veteran Ray Dalio has forecasted that the year 2024 will be pivotal. Though he doesn’t anticipate any “seismic shifts” that could threaten U.S. democracy or lead to war, he has emphasized the significance of the year 2024 in a LinkedIn post. Read the full article here.
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