Stock gains to survive a market correction if rate cuts are delayed, one economist says
Publishing timestamp: 2024-02-13 01:12:22
Summary
The article discusses the expectations of solid equity returns in 2024 despite a potential market correction. The chief economist of Allianz believes that stock gains from late 2023 and early 2024 will continue until the end of the year. The recent gains in the S&P 500 and Europe's Stoxx 600 are expected to hold, even with potential volatility and a re-pricing of interest rate expectations. The economist predicts 5-10% equity returns by the end of the year.
Sentiment: POSITIVE
Keywords: business news, breaking news: markets, stoxx 600, markets, s&p 500 index,