Schwab: 2024 recession won't hurt stocks, but expect a bifurcated market
- Charles Schwab predicts economic hardship in 2024 but doesn't expect it to hurt stocks
- Points to resilient consumer spending fueled by past stimulus measures
- Sees an inverse relationship between treasury yields and stock prices continuing
- Expects a stock picker's market in 2024 with clear winners and losers
- Notes some consumer exhaustion signs like higher credit card use and delinquencies