Posted 1/1/2024, 10:06:00 AM
Recession Predicted in 2024; Mortgage REITs Could Benefit as Inflation Persists and Tech Bubble Shows Signs of Bursting
- The U.S. economy will enter a recession in 2024, likely leading to a bear market for stocks
- Mortgage REITs like Annaly Capital Management could thrive as the yield curve normalizes
- Core inflation will remain high, possibly reaccelerating as the Fed cuts interest rates
- The artificial intelligence bubble will show signs of bursting, possibly triggered by setbacks at Nvidia
- Microsoft is poised to surpass Apple as the world's most valuable public company