Reported about 2 months ago
BMO Wealth Management's Yung-Yu Ma believes that recent data on jobless claims and retail sales underscore the resilience of the labor market and consumers, supporting a 'soft landing' for the economy. He indicates that these trends, alongside positive inflation data and the Federal Reserve's readiness to adjust interest rates, set the stage for a potential growth rebound towards the end of 2024 and into early 2025, particularly in big tech investment.
Source: YAHOO