Dion Rabouin
speaker
287 appearances
5 recordings
1 series
first heard Sep 2022
last heard Dec 2023
Dion Rabouin’s voice in public audio — every appearance, attributed to the second.
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Appearances
That's really what we have seen for 2023 is as inflation has come back down, it's now closer to 3%, not quite at two, but much closer.
So inflation's come down and we have seen continued strength in the labor market.
We saw the best growth during the third quarter that we had seen in years.
The U.S.
economy is actually expected to grow about six times as fast as the Fed predicted at the beginning of the year.
So soft landing really was what we saw.
And that's been great for the stock market because it's shown that the Fed is able to get inflation back down without causing damage to the rest of the economy.
Economists are actually a bit unsure if the rally can continue, but I will tell you that stock investors, asset managers, and strategists are pretty bullish.
You've got some price targets, folks expecting new all time highs for the S&P 500 in 2024, potentially reaching as high as 5000, 5500.
There's a lot of enthusiasm when it comes to the market side.
Economists who study what's going on in labor markets, what's happening in the real economy, they're a bit more cautious right now.
Anything on your radar that could short circuit the expected rally in 2024?
The biggest thing I've seen is just the decline in revenues while you're seeing an increase in profits.
So one thing that I've recently been seeing is if you look at the third quarter earnings reports, you had a lot more companies
exceeding earnings expectations than you did have exceeding revenue expectations.
Basically what that means is companies were turning a profit even though they weren't necessarily selling more things.
So they were making a profit in essence by cutting costs.
And that's great if you've got a bloated balance sheet, if you're paying too much for things.
But at some point, if your company's gonna grow, and that's what Wall Street wants, right?
Because the stock market is really a measure of growth.
Showing 21–40 of 287 · page 2 of 15
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