The Fed's soft landing is in sight, strategist says
Вставка
- Опубліковано 23 лип 2024
- The S&P 500 (^GSPC) closed Tuesday above 5,500 for the first time ever, while June's ADP employment report revealed slowing jobs growth. JPMorgan Wealth Management global investment strategist Elyse Ausenbaugh joins Morning Brief to discuss the economy's health as Wall Street enters the second half of the year.
"All in all, we continue to see a labor market that remains rather robust and working in the favor of consumers with positive real wage growth. And I think we're finding ourselves in kind of this healthy slowdown that ultimately gives one of those key ingredients for the soft landing," Ausenbaugh explains. However, she notes that if the unemployment rate rises above 4%, it will begin to stoke concerns, and the Federal Reserve may not initiate an interest rate cut.
As the markets (^DJI,^GSPC, ^IXIC) continue to reach all-time highs, Ausenbaugh is comfortable with the current stock valuations: "In an environment where inflation concerns and risks are perhaps as great as recession risks - neither of which we think are particularly meaningful, our base case is for a soft landing - I think so long as that remains part of the equation, these valuations are actually fairly justifiable, particularly because the rally is being driven by these really profitable companies that are surprising to the upside."
Ausenbaugh believes that the election could cause market volatility in the second half of the year, especially as investors await the Fed's first rate cut. She also explains that earnings will be a major catalyst that will continue to push the S&P 500 to new heights.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
#fed #inflation #yahoofinance
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.
Successful investment starts with clear goals and risk assessment, often best done with a financial advisor's help
James Clark's market insights have consistently led to profitable decisions.
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
yeah right, since 2021 cost have just gone up and up ... s much for a soft landing...
Thanks for the insights! Bought XAI89K, predicting big returns! 📈
crypto is risky thats why we should choose a project which already has good brand like Elon Musk
Same here! Exciting times ahead! 🚀
Just read news about XAI this morning. Presale is open right now
my friends told me to buy this
Feeling optimistic about XAI! 👍
Appreciate the advice! Bought XAI89K at $1, holding for 10x gains. Major exchanges like Coinbase, Bybit, and Binance are set to list it soon. Your insights always lead to great investments. Excited about this opportunity, thanks for the tip! Looking forward to significant returns!
Feeling good about XAI! Great community and potential.
Excited for XAI's potential gains ahead! 🚀
Excited about XAI too! It’s great seeing our investments grow together. Let's keep it up! 🚀
Feeling positive about XAI's future. Holding strong and expecting great returns. Let's go XAI!
Happy to invest in XAI together!
I gotta come back to this video next year same time.
It’s funny to see all of these people who aren’t old enough to have lived through a crash saying they don’t think it will happen.
Ok so hear me out: Always ignore the first three comments in the coment section and ignore any comments talking about a new 💩 coin crypto or how you can make quick money 😅😂
Bigger picture of AI...
Thanks for sharing! Bought XAI89K, expecting 10x returns! 🚀 Coinbase, Bybit, Binance to list soon.
XAI89K will change the crypto game forever! 🌍
Thanks for the insights! BTC’s stability and ETH’s upcoming updates are encouraging. DOGE has strong community support. I see a great opportunity in new cryptos, so I invested $5,000 in XAI89K. Excited for its future! 🚀
Appreciate the tips! XAI89K is going to 5x! 🚀
Is a strategist = an eCONomist??? Just a question??
Or are all my comments banned???
I wish i was a PRESStitute... i could get paid in crack & lie all day/night long!