Fed could cut three times in 2024: Strategist

June's existing home sales data disappointed expectations, showing a 5.4% month-over-month decline. Kristina Hooper, Invesco's chief global market strategist, joins Catalysts to discuss her outlook on the Federal Reserve and market trends.
Hooper attributes the housing market's challenges to the Fed's tightening cycle, which she says created "golden handcuffs" and forced affordability issues. However, she believes the Fed recognizes these housing market concerns. Looking ahead, Hooper is optimistic about the possibility of two rate cuts in 2024, even suggesting "there is a potential for three."
Addressing the ongoing rotation in the tech sector, Hooper states, "I think this is very much a Fed trade." She explains that investors are anticipating Fed rate cuts, which could prevent a downturn and lead to re-acceleration. Consequently, "the most cyclically sensitive parts of the stock market... are performing very well."
#news #youtube #stockmarket
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I don’t think zero rate cut in 2024 is bad, consider housing price is not going despite higher rate. Seem like the supply stay on longer heading back toward 6 months of inventory. I think most of these talking head want to go on to say all these stuffs bc their bonuses are tight into company performance and when their no sale, there is no bonuses

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Strategist... lol
Did blacks law dictionary (what the court uses - it's a dark, twisted book) change its definition of an eCONomist???