January 19, 2024 – In today's Smart Macro segment of the Financial Sense Newshour, Chris Puplava provides an assessment of the now consensus view for a soft landing in 2024. Though recession forecasts did not materialize last year, the manufacturing side of the US economy is now in its 14th monthly decline and the services side of the economy is weakly expanding. Thus, when you look at the data, it's still touch and go for the underlying strength of the US economy and, in order for a broader participation of stocks across different sectors, we'll want to see the manufacturing sector improve in the months ahead without a slippage in services. We discuss a number of the factors that strategists are watching and keeping a close eye on for this year and the potential market impacts.
Read Chris' related article posted on Finacial Sense: One Call to Rule Them All
To speak with any of our advisors or wealth managers, feel free to Contact Us online or give us a call at (888) 486-3939.
