Posted 3/10/2024, 12:45:00 PM
Stocks Soar Over 20% Despite No Rate Cuts As Strong Economy Defies Expectations
- Stocks soared over 20% in 2023 despite no Fed rate cuts, showing other factors drive markets up
- The economy remained strong in 2023, with 3.1% GDP growth in Q4, even without rate cuts
- Markets have likely already priced in expectations for future rate cuts, limiting their impact
- Interest rates have less effect on the overall economy/stocks than many think
- Fisher remains very bullish on stocks, seeing double-digit S&P gains in 2024 without a recession