Raymond James sees 'mild' recession, single digit stock return in 2024
Raymond James is bracing for a "mild" recession in the new year. Here's what that could mean for equities.
Stay updated with breaking news from Digit Returns. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Raymond James is bracing for a "mild" recession in the new year. Here's what that could mean for equities.
Politician. i would like to show you what that looks like. president trump, he had his first year up some 20% in the stock market. the first year of president barack obama was up 29%. >> not apples to apples. >> not apples to apples. it was coming out of crisis, right? the stock market has been unbelievable. record after record after record in this year. look at context, you guys. this is a run going on for a very long time. we had i think seven of the past nine years double digit returns in the stock market. that is an old bull. so what happens now? it's overdue for a pullback. but you do hav...
The president hosts leaders at the white house in spring. time for a look at your money. expect solid gains this year but not double digit returns. oil prices keep sliding this morning. crude oil with a fresh five and a half year low. crude oil $52 a barrel. they are expected to stay low through the year. drivers can expect gas prices to stay low. the average price for a gallon of regular, $2.20. we will get a look at december auto sales later this morning. expecting strongest sales in six years. demand for trucks and suvs. when you get low gas prices people forget. >> when gas is $6 that su...
>> you don't hear that in business much. >> no. and unfortunately, it excludes a lot of c.e.o.'s. let's face it. we have a foundation called share it forward. employees give into it. the companies match it. the company matches it and we use all that money to help employees in financial crisis. that's what albert got, the person you saw in the beginning. he got a scholarship from that foundation. we help almost 10% of our employees with some kind of financial assistance each year. >> that's fantastic. >> and yet at the same time, we get double digit returns for the last decade and we have a ver...