Posted 1/19/2024, 6:43:25 PM
US Resilience Points to Brighter Economic Outlook
- The US likely avoided recession in 2023 thanks to strength of mega-cap tech stocks and persistently low unemployment
- Inflation is clearly on a downward trajectory and the Fed should begin cutting rates, possibly as soon as March
- Small caps and international stocks are relatively cheap and poised for outperformance as rates fall
- China faces systemic economic challenges that present opportunities for other emerging markets like India
- The US oil industry continues setting production records, limiting upside for energy prices despite geopolitical conflicts