One of the Most Commonly Cited Recession Indicators Has a Major Flaw: NDR
"One day the economy will go into recession, but it won't be because of repeated warnings from the LEI," Ned Davis Research said.
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"One day the economy will go into recession, but it won't be because of repeated warnings from the LEI," Ned Davis Research said.
The S&P 500 is less than 2% away from hitting a new all-time high, so 2024 could be another year of double-digit returns if a record is reached.
Nvidia's expected generation of $100 billion in free cash flow "is just the cherry on top of what is a very delicious cake," an analyst at BofA said.
The stock market has historically delivered strong returns during the fourth year of a presidential cycle, but the gains are choppy.
"Our mantra during carefree times like now is: 'We have nothing to fear but nothing to fear,'" market veteran Ed Yardeni said.