Posted 12/3/2023, 5:01:00 PM
Stocks Rally on Hopes of 'Soft Landing' Despite Mounting Recession Fears
- Stock market rally defies recession fears, fuels "soft landing" hopes despite cooling economy
- Consumer spending and job growth slowing; signs emerging that post-pandemic consumer boom has peaked
- Analysts worried high rates and dwindling savings could weaken consumers in 2024, slowing economy
- November jobs report volatile for stocks; tight labor market expected into 2024
- 2024 earnings estimates may be too optimistic given economic outlook