Reported 7 days ago
In a recent discussion on Yahoo Finance, portfolio manager Matt Stucky emphasized the importance of labor market health as a determinant for market movements into 2024. He noted a gradual decline in employment rates this year and expressed concerns about potential further weakening. Following a strong Q2 earnings season, Stucky is cautious about earning expectations for Q3 and 2024, predicting a shift towards defensive investments in a late-cycle economic environment.
Source: YAHOO