FOMC released updated dot-plot, with 75bps of cuts anticipated in 2024. This is more dovish than the Sept meeting and begins to validate the rally in yields over the past several weeks.
4 Key Quotes: Wellington Altus 2024 Forecast
THE U.S.’S TECH-DRIVEN REINVENTION
Dr. James Thorne, Chief Market Strategist at Wellington Altus provides his outlook for the markets in 2024
https://t.co/o3n3JDVsXL
“In the US we may be managing through a period of deflation in the months to come. And while that would put more unit pressure on us, we welcome it because it’s better for our customers.”
Doug McMillon, CEO of Walmart Inc.
https://t.co/P5KZH1WGPq
Strolling into Nuclear Apocalypse
The unpredictability of human rationality and emotion means the "limited" use of battlefield nukes could easily morph into a full blown nuclear apocalypse.
https://t.co/GjTEdROQ5b
David Bailin, CIO Citi Global Wealth: “It’s a Really Good Time to Have a Diversified Portfolio”
Read his insights on why (along with other Wall St strategists opinions for the week):
https://t.co/rWnP8bHksf
@TheStalwart Inflation is coming down but the effects of the inflation already experienced will continue to hit consumers until incomes catch up. Lower inflation doesn't mean prices decline.