Posted 11/23/2023, 1:18:29 PM
Housing Unaffordability and Resilient Consumers: Key Themes from Earnings and 2024 Market Outlooks
- BMO chief economist details housing unaffordability crisis fueling fastest Canadian rent increases since 1983
- Goldman Sachs highlights top issues from earnings calls interest expense, debt paydown, resilient consumer, and AI investments
- RBC strategist constructive on 2024, sees S&P 500 at 5,000 on sentiment, valuations, earnings, bonds/politics, economy
- RBC strategist 2024 election an uncertainty source; sluggish 2024-25 economy the biggest headwind
- RBC strategist post-COVID investing rules still emerging; growth/value tug of war continuing