Posted 12/14/2023, 11:47:00 AM
Experts Predict Fed Rate Cuts and Lower Yields Amid 2023 Recession Fears, But Offer Mixed 2024 Outlook
- Fundstrat's Tom Lee correctly predicted the Fed's dovish turn and the 2023 equity rally, holds bullish 2024 S&P forecast of 5,200
- Gundlach sees 10-year Treasury yield falling to "low threes" by end of 2023 amid recession and Fed rate cuts
- Goldman Sachs forecasts 3 straight 25 basis point Fed rate cuts in 2023 due to easing financial conditions
- Gundlach warns of volatility in 2024, sees opportunity in higher credit/junk bond sectors, less optimistic on stocks
- Jobless claims lower than expected at 202,000; retail sales rose 0.3% in November; Adobe shares down on disappointing outlook and FTC probe