2024 Outlooks
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US
Company | Rating | GDP | Inflation | Unemployment | Rates | Dollar Index | EPS | SP500 | Notes |
---|---|---|---|---|---|---|---|---|---|
JPM[1] | 8 | 3.75% | 4200 |
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Goldman Sachs | 6 | 2.1% | 2-2½% | 4.6% | 4700 |
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Morgan Stanley[2] | 3 | 4500 | Morgan Stanley strategists suggest an overweight across a broad range of bonds, an equal weight in both stocks and cash, and a significant underweight for commodities. | ||||||
Bank of America[3] | 4 | 5000 | Claudio Irigoyen, head of Global Economics, expects inflation to gradually move lower across the globe, allowing many central banks to cut rates in the second half of 2024 and avoid a global recession. Head of US Economics Michael Gapen expects the first Fed rate cut in June and the central bank to cut 25 basis points per quarter in 2024. | ||||||
Ed Yardeni[4] | 4 | 5400 | The economy remains resilient but inflation continues to fall closer to the Fed’s 2.0% target next year | ||||||
Citi Global Wealth[5] | 8 | 1.6% | 2.5% | 5.1% Growth |
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Well Fargo[6] | 7 | 0.7% | 2.5% | 5.6% | 4.75% - 5% | 99-103 | $220 | 4600-4800 | |
TD Securities[7] |
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Charles Schwap[8] | The big picture we see for 2024 is of a shallow U-shaped recovery in global economic and earnings growth, rather than the V-shape seen in the last two global recessions of 2008-09 and 2020. | ||||||||
Blackrock[9] |
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Amundi[10] | 0.6% | 2.6 | 4.00 | The United States (US) is expected to face a recession in H1 as stringent financial conditions begin to impact consumers and businesses. In H2, we expect growth to stabilise below its potential and inflation to move closer to its target |
Europe
Company | GDP | Inflation | Unemployment | Rates | EPS | Stoxx 600 | Notes |
---|---|---|---|---|---|---|---|
Well Fargo[11] | 0.6% | 2% | |||||
References
- ↑ https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/mi-investment-outlook-uk-en.pdf
- ↑ https://www.morganstanley.com/ideas/global-investment-strategy-outlook-2024
- ↑ https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/11/bofa-global-research-calls-2024--the-year-of-the-landing--.html
- ↑ https://www.linkedin.com/pulse/dozen-reasons-remain-bullish-2024-edward-yardeni-w5mwe%3FtrackingId=reBHOscYQvSS%252BgmGz7vsKg%253D%253D/?trackingId=reBHOscYQvSS%2BgmGz7vsKg%3D%3D
- ↑ https://www.privatebank.citibank.com/doc/investments/outlook/Citi_Wealth-Outlook-2024.pdf.coredownload.inline.pdf
- ↑ https://saf.wellsfargoadvisors.com/emx/dctm/Research/wfii/wfii_reports/Investment_Strategy/outlook_report.pdf
- ↑ https://www.tdsecurities.com/ca/en/global-strategy-outlook-2024
- ↑ https://www.schwab.com/learn/story/2024-global-outlook-big-picture
- ↑ https://www.blackrock.com/corporate/literature/whitepaper/bii-global-outlook-2024.pdf
- ↑ https://research-center.amundi.com/article/2024-investment-outlook
- ↑ https://saf.wellsfargoadvisors.com/emx/dctm/Research/wfii/wfii_reports/Investment_Strategy/outlook_report.pdf