Reported 4 months ago
Stifel analysts predict a 10% decline in the S&P 500 in the next quarter, attributing it to 'moderate stagflation' that will prevent rate cuts by the Fed. Economic conditions indicate sluggish growth and stubborn inflation, leading to tepid returns for investors. The Fed is unlikely to cut rates in 2024, with stocks not meeting historical bull market standards. Market commentators also anticipate a rocky road ahead for stocks despite record-highs in the S&P 500.
Source: YAHOO