Wall Street is increasingly bullish on the market outlook (^GSPC, ^DJI, ^IXIC) in 2024. Saxo Senior Fixed Income Strategist Althea Spinozzi and Roundhill Investments Chief Strategy Officer David Mazza join Yahoo Finance Live to discuss what 2024 may hold in store for the Fed's interest rate policy and how markets are already pricing in expected interest rate cuts. "Realistically, we believe that inflation is going to have lesser importance than growth throughout 2024. But central banks are going to be cautious about that," Spinozzi says. "So, right now, the market is pricing in five interest rate cuts by the end of 2024. We believe that that is ahead of itself." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Investors chase the narrative that interest rate cuts will be appearing sooner rather than later in 2024, despite Federal Reserve Chair Jerome Powell's comments underlining the contrary. Rockland Trust SVP and Director of Research Doug Butler highlights investor sentiment on recent market rallies and Fed commentary. "I think we could end the year next year at 5,000, up 10% or so from here," Butler tells Yahoo Finance on his S&P 500 (^GSPC) outlook. "But, my guess is we have some sort of 20 to 30% pullback at some point — by the way, could happen after we hit 5,000 in March..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
November has come and gone but the equity gains may be here to stay. Yahoo Finance Markets Reporter Jared Blikre examines market indexes (^GSPC, ^DJI, ^IXIC) as an early Santa Claus rally pushes nearly all sectors higher to close out the month. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.