Stocks Rise on Rate Cut Hopes, But Advisors Warn Markets Have Unrealistic Views
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Stocks are rising on expectations of Fed rate cuts in 2023, but some advisors say markets have unrealistic soft landing views. Inflation and yields likely need to rise more first.
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Bonds and stocks are disconnected - stocks haven't fallen much despite big bond selloffs this year. Bonds aren't wildly overpriced now.
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Earnings growth expectations around 12% seem too high given other economic signals. Bonds vs stocks is the key mismatch.
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Commodities like oil look relatively cheap if strong growth continues. Japan's economy and stock market are alluring with stimulus still in place.
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Advertiser boycotts over Musk's tweets could hurt Twitter. Microsoft gets a board seat at OpenAI. Climate summit irony - led by an oil CEO in Dubai.