The stock market is flashing a buy signal as the long-term bull market looks intact, CIO says
The S&P 500 could be on track to soar to 6,000 by 2026, Federated Hermes' chief investment officer said.
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The S&P 500 could be on track to soar to 6,000 by 2026, Federated Hermes' chief investment officer said.
“I think he’s going to do something to probably help the Democrats, you know, I think if he lowers interest rates,” the former president told Fox Business.
Jerome Powell's efforts to navigate monetary policy through a white-hot election year just got more complicated.
"In the short term there's going to be a little bit of a digestion phase because the market had been expecting the Fed to cut sooner, but in the medium term it could still be a good thing because generally a resilient labor market, strong economy is good for stock prices.” The wages were strong.
Inflation is likely to remain above the Fed's target for the first half of 2024, which could cause more volatility as traders adjust rate cut bets.