Quixote1818
Quixote1818's JournalExperts weigh in on what could happen if Trump is convicted
Has this ad been posted yet? It's really well done!
From a Republican group. Hits the dictator issue head on:
https://www.instagram.com/reel/C1QsjTOri1z/?igsh=ZXhsNHk3eGp2eGpv
Conway predicts how Supreme Court may rule on Trump's presidential immunity filing
Global banks see no recession, US companies are more circumspect
Source: Reuters
SINGAPORE, Dec 20 (Reuters) - Heading into 2024, analysts say the U.S. recession they'd been forecasting for two years isn't coming anymore. Everyone else, from companies to investors, is still bracing for a slowdown caused by tepid consumer demand.
Dissonance between the habitually bullish investment bank analysts and the more circumspect money managers is not new. What's different this time is the level of prudence and caution from some top companies as they outline their plans for next year.
Real money managers are in no doubt about which side to trust. After months of being wrong footed, sell-side analysts are a bit too bullish about growth prospects, Fed rate cuts and a consumption recovery, they say.
"Take a grain of salt maybe to measuring the efficacy of some of these sell-side forecasts," says Patrick McDonough, a portfolio manager for PGIM Quantitative Solutions. "I would be a little bit more on the side of the companies.
Consensus forecasts from major banks, including Goldman Sachs, Morgan Stanley, UBS and Barclays, are for global growth to be constrained in 2024 by elevated interest rates, pricier oil and a weakened China, but with low odds for a recession. A year ago, many banks were forecasting a U.S. recession.
Read more: https://www.reuters.com/markets/global-markets-recession-analysis-pix-2023-12-20/
The stock market is going INSANE, it must be thanks to Trump, right?
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