Posted 12/29/2023, 3:30:00 PM
Investment Guru Declares Inflation Largely Vanquished, But Remains Cautious on 2024 Outlook Despite Big Stock Gains
- "We have vanquished 9% inflation" Investment guru declares victory over soaring costs, says 2023 bear case is dead
- Stocks now "cheap enough to buy" with VIX at 12; opportunities in small caps, mid caps, materials, and dividend payers
- Labor market shows resilience despite rate hikes with 199,000 jobs added last month
- Banking crisis averted; S&P 500 up 25% and Nasdaq up 45% in 2023, but don't just buy the "Magnificent Seven"
- Remains cautious about 2024 outlook "There are probably going to be reasons to be concerned"