Taps Coogan – December 13th, 2024
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Evercore ISI Chairman Ed Hyman, one of the fathers of modern market research and perennially ranked as one of the top institutional economic advisors in the world, recently spoke with Wealthtrack’s Consuelo Mack to detail his outlook for 2024:
The punchline is that he sees: inflation continuing to moderate in 2024, six rate cuts, significant economic slowing but not necessarily a recession, and a generally bullish outlook for markets for at least the first half of the year.
There is much more to the interview so enjoy it above.
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While I agree that 1h should be somewhat bullshit since the pause is still working through the system but 6 rate cuts?
Basically the markets can NOT SURVIVE without near 0% interest rates? Is that the premise?