ACTV - Upgrading Our Broad U.S. Stocks View
2024-01-29 12:25:00 ET
Summary
- We think stock momentum can run for now as inflation cools and the Federal Reserve readies to cut rates. So we up our overall U.S. stocks view to overweight.
- Tech stocks led the S&P 500 to consecutive record highs last week. Robust U.S. Q4 GDP growth and falling inflation bolstered the market’s rosy macro outlook.
- The Fed’s policy meeting is in focus this week after it signaled in December that rates have peaked. We don’t see it cutting rates as much as in the past.
Transcript
I want to frame this week’s update along the lines of normalization and the new normal, concepts that I took away from Davos. Normalization describes the journey and the new normal describes the destination....
Upgrading Our Broad U.S. Stocks View