Why the stock market could slow down in late 2024

Wall Street is bracing for June's Consumer Price Index (CPI) report this week, which will serve as a key economic indicator amid the Federal Reserve's battle with inflation. Truist co-chief investment officer and chief market strategist Keith Lerner joins Morning Brief to discuss the potential for interest rate cuts this year and how that will play into the market.
Lerner believes the Fed will cut rates in September and that there will be one to two rate cuts by the end of 2024. "What we're starting to see is a slow but global easing cycle. You put that together with profits that are still moving forward, [and] we still think that's a positive environment for stocks. But again, probably not at the same pace that we saw in the first half," he explains.
Despite the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) having been pushed to record highs in 2024, Lerner has recently walked back his bullish calls on the tech sector. He says, "Our main message to our clients was, listen, we still like tech. We don't think this is a bubble longer term, but on a short-term basis, we're getting a little bit overheated, a bit stressed, and we just think there will be a better opportunity to redeploy capital there in a more meaningful way." He adds that there may be some rotation in the market later this year as tech begins to slow.
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
#stockmarket #stocks #yahoofinance

[@Duttonmuffins]

I've recently started learning about value investing, and I've discovered that many high-quality stocks are undervalued despite their intrinsic worth. If you had $200,000 to build a robust investment portfolio, which stocks would you choose?

[@Brightenedrim]

I think a good investment portfolio should have three basic things: ETFs for diversification, dividend stocks for cash flow, and leading tech stocks. With your budget, it's a good idea to talk to a fiduciary financial advisor for expert advice.

[@Cottoncandyh]

I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.

[@Frankweily]

I'm glad I found this conversation. I have cash to invest but am worried about picking the wrong stocks. Can you refer me to your financial advisor?

[@Cottoncandyh]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.

[@Frankweily]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@Saikiran-un1ur]

After all the bad years Kardden is our savior

[@RajeshR-zs3hy]

The Kardden KRN will overtake doge and SHIB so easy

[@user-we9us8iy3t]

Do you think Kardden will pump before ETH?

[@Akram-gc9rh]

Kardden is the future and more than just another Floki, it has all of it

[@madanjyothimj2229]

I respect your work mate so you say Kardden good one to use?

[@jaskarnsinghjaskarn2781]

Clearly Kardden was a right choice. Hope to learn more from you this is pure knowledge

[@bhagirathkumhar7903]

the most fair approach and yet the ultimate king of meme is Kardden

[@Smilly_-Boy_-99]

Kardden movement begins and everyone is like acting crazy. Let's bring it up!

[@SusanaGomez-mp8sk]

Your videos are interesting ...., Scholars who study the stock market's historical performance estimate that over time. The bull market is about to start, hurry up to buy promising coins like Pepennedy or others.

[@NicoleCtirad]

Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.

[@Bastianbishops]

this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??

[@DonnHowes]

Yes grahamconsults

[@BrownGeorge-pw2xo]

i'm in my fifth trade with him and it has been super.

[@Ronkaja]

On tele gram?

[@ParkashpuriGoswami]

Thanks I bought Kardden and I can't be more happy about it

[@santhoshkannan5899]

Thanks, please make another video about Kardden I prefer Kardden that is strong

[@ZXSOJ522]

Kardden making ATH after ATH 🔥🔥

[@SirajSiraj-jr1kj]

Omg so bullish on Kardden! ATH next month? 🔥

[@ROYALsagarkumardas]

I see Kardden with 50x, maybe even 100x. Binance also gonna have that

[@Ranjitpawar451]

Kardden please get going high

[@rawdeygamear7320]

Swapped my alts for BTC and Kardden. They are ramping it up

[@R2Hgujrati845]

Coinbase listing Kardden Binance probably in line too

[@Akshay222-dc3ku]

Tomorrow you gonna be mad if you are not in Kardden yet

[@SagarPadvi-gh2kp]

Buying Kardden Today Is Like the Bitcoin pizza back then. One day people will acknowledge it

[@johntaylor6243]

Ready to sell it all!

[@ebutuoy5088]

Not what tom lee says

[@AjayKumar-qi5lo]

Kardden please get going high

[@user-lh1dj4qr1o]

Coinbase listing Kardden Binance probably in line too