Brian Allen, chief investment officer at CS McKee , says "The market has done a lot of the easing work to launch the easing campaign in 2024," meaning that the Federal Reserve will not feel much pressure to cut rates more than four times this year. He says there's no pressure for more due to the bond market rallying over the last few months while the stock market was moving to all-time highs; that also raised valuations to where investors should lower their return expectations for both stocks an...
Jan 26, 2024•1 hr
Brett Ewing, chief market strategist at First Franklin Financial Services , says that while he expects large-cap stocks -- led by the Magnificent Seven names -- to have a positive year that could potentially see returns in the 8 to 9 percent range, the market has set up for smaller companies to really pay off. He says that small-and mid-cap stocks are trading at reasonable levels, giving them the potential to gain 15 to 25 percent in 2024. Meanwhile, Todd Rosenbluth is looking to stick with larg...
Jan 25, 2024•1 hr 1 min
Kevin Mahn, president and chief investment officer at Hennion & Walsh , says that he expects interest rates, yields and inflation to all be lower over the next three years, and that the economy will start growing more robustly once the rate cuts start. That is setting up a strong three-year run for stocks and bonds, one that Mahn thinks most investors should intuitively be expecting and be comfortable with. Stanford University professor Anat Admati, co-author of "The Bankers’ New Clothes: Wh...
Jan 24, 2024•1 hr
Jeff Weniger, head of equity strategy at WisdomTree Asset Management , says that the "rip-roaring rally" that started in late October on account of declining interest rates, and it slowed in January but now "Boom, suddenly you're back off to the races" with the stock market at new highs and the Standard & Poor's 500 now eyeing 5000. Weniger notes that there are plenty of concerns for the rally, and he notes that a downturn could test the classic 60-40 portfolio, where he thinks investors may...
Jan 23, 2024•59 min
Bryan Shipley, co-chief executive/chief investment officer at Arnerich Massena , says that yields are more attractive overseas and there is the emergence of growth internationally, but domestic markets have deserved their higher valuation. Still, when he sees a struggle between domestic and international markets, it's usually a sign of leadership changing, which is one reason why he's keeping clients in foreign investments; it's part of a strategy where he recommends investors "choose their own ...
Jan 22, 2024•1 hr
Zach Jonson, chief investment officer at Stack Financial Management , says that the top-heavy nature of the stock market -- with so few stocks driving the bulk of returns in 2023 -- is going to make it hard for the standard & Poor's 500 index to gain much ground this year, though he notes that as investors have been chasing the same small group of stocks in a few sectors, other "high quality parts of the market have become notably more attractive." He compared it to the tech bubble of the la...
Jan 19, 2024•1 hr
Corin Frost, managing director at Helios Quantitative Research , says that while economic indicators are largely strong and positive, the stock market is not as connected to wave, largely because the Magnificent Seven stocks have driven so much performance that their ability to continue with good relative performance will go a long way to determining the year in the market, regardless of economic growth numbers. Todd Rosenbluth, director of research at VettaFi , picks his favorite of the brand n...
Jan 18, 2024•1 hr 1 min
Technical analyst Michael Sincere of Michael Sincere’s Long-Term Trader sees the market as being ready to struggle in 2024, but he notes that trends in earnings will do the most to determine how it turns out, and if any of the Magnificent Seven stocks -- which spearheaded the market's dramatic gains in 2023 -- should stumble, he forecasts a major market decline. Chuck Mitchell of The Conference Board discusses the group's " C-Suite Outlook for 2024 ," which showed that top executives both domest...
Jan 17, 2024•1 hr
Mark Fleming, chief economist at First American , expects the housing market to be better in 2024, and while it won't be as hot as it was during the pandemic nor as cold as it was after that run, "it's not quite right yet either, just better." He says the Federal Reserve's actions -- and he expects three or four rate cuts this year -- will determine just how strong the economy and the housing market are this year. Still, he thinks a downturn for the broad economy could actually help the real est...
Jan 16, 2024•1 hr 1 min
Joseph Brusuelas, chief economist at RSM , says that the market "is a bit out over its skis" in terms of when the Federal Reserve will start cutting interest rates and how many cuts will happen in 2024, but that may create volatility and determine whether there is another rally in the current cycle. Brusuelas says the economy is in the middle of a soft landing and keeps looking strong, which should mute or limit just how much slowing happens moving forward. Jeffrey Bierman, founder of The QuantG...
Jan 12, 2024•1 hr 3 min
Bob Doll, chief investment officer at Crossmark Global Investments , returns with his annual forecasts for the stock market, the economy, the financial industry and more in the year ahead. He notes that the consensus for 2024 is a soft landing, but he thinks the lagged impact of everything that cause recessions -- massively higher interest rates, retail inventory levels rising, savings rates coming down and more -- will finally lead to a mild recession in the middle of this year. Doll also think...
Jan 11, 2024•1 hr 1 min
Lindsey Bell, chief strategist at 248 Ventures -- formerly chief markets strategist at Ally Invest -- is optimistic that the stock market can avoid big troubles in 2024, and is looking for a "return to normal,' in terms of the market's breadth of movers and returns. still, she includes technology stocks -- typically considered an aggressive play -- as part of the defensive plans that investors should be making for the year ahead. She also talks about the norms she expects to see maintained in in...
Jan 10, 2024•1 hr
Veteran technical analyst Martin Pring of Pring Research is "very optimistic over the next 12 months" because the stock market's bounce since October "looks like the beginning of a bull market," with expanding breadth and economic indicators turning up to where indicators are bullish for stocks and bonds now. Pring makes an educated guess that the market could run up to 5,400 on the Standard & Poor's 500, but notes that if the indicators change -- which he would expect after the election nex...
Jan 09, 2024•1 hr
Wei Li, global chief investment strategist at BlackRock , makes it clear that she doesn't feel her firm's outlook for 2024 is "optimistic." Amid significant macroeconomic risks, Li says there are selective opportunities for investors who are willing to take the chance to put money to work, particularly in parts of the market that remain reasonable values -- notably artificial intelligence and big tenchology, which she expects to continue their strong performance from 2023 -- while avoiding parts...
Jan 08, 2024•59 min
Veteran Wall Street observer Bob Doll, chief investment officer at Crossmark Global Investments , has been making 10 forecasts for the New Year for decades, but 2023 was one of the most difficult times he has ever had reading the tea leaves for the market and economy. He explains why as he looks back at his forecasts from a year ago and reviews what he got right and wrong and how conditions have changed; he will return to the show next week with his forecasts and predictions for 2024. Meanwhile,...
Jan 05, 2024•59 min
Rob Arnott, chairman and chief executive officer at Research Affiliates sees a recession as likely for late 2024, but expects the entire year to be dominated by domestic and geopolitics that create significant "left tail risk," the most extreme potential downside performance. It will be, he says, "a year of living dangerously," but he views current conditions "as a wonderful opportunity" to lean into value investing strategies. Also on the show, Tom Lydon, vice chairman at VettaFi makes a call o...
Jan 04, 2024•1 hr 2 min
John Barr, portfolio manager for the Needham Growth and Needham Aggressive Growth funds, says that despite the market's recent rally, there are plenty of smaller growth companies that represent good values with strong growth companies, though he also suggests that some of the large companies -- particularly in economy-driving industries like artificial intelligence and data storage -- have room to run too, which is why he's "not worried" about what the market will dish up this year. Also on the ...
Jan 03, 2024•1 hr 3 min
Bob Fraser, co-founder and chief financial officer at Aspen Funds , says the market has gotten excited and ahead of itself, so that it could spend the early part of the year mostly at a standstill, but he also doesn't see much downside risk, with neither a recession nor a crash in the offing. Ultimately, Fraser thinks the market will end the year up, though not as much as it gained in the year we just completed. Also on the show, subscription expert Robbie Kellman Baxter talks about how companie...
Jan 02, 2024•1 hr
Long-time technical analyst Gene Peroni of Peroni Portfolio Advisors and Advisors Asset Management says that -- while many people look at the market's returns in January and expect them to dictate the year -- he believes the current rally is setting the stage for 2024, showing the market's resilience. He is re-setting support levels to the market's July summer highs, and he thinks that it will keep bouncing back, making the market outlook for the year ahead pretty solid. Also on the show, John C...
Dec 29, 2023•1 hr 1 min
Veteran money-manager Louis Navellier, president of Navellier & Associates , says he hasn't seen "a real blow-out year since '99; I think we're overdue for one of those kind of years." He says that the market currently is grossly undervalued relative to interest rates and he says that small cap stocks could go up "100 percent or more," but he is also calling for a strong year for big stocks, oil and energy companies and he says the Magnificent Seven stocks are likely to keep rolling. Also on...
Dec 28, 2023•57 min
Kristina Hooper, chief global market strategist at Invesco , says there will be some damage to the economy -- worse than a soft landing -- but she thinks the economy can put off recession until at least 2025. Hooper says the new year should be an improving year for consumers with real wage growth rising as the disinflationary process continues; she thinks that improvement will cause an increase in spending, with the trigger being interest-rate cuts which she expects to start in the second quarte...
Dec 27, 2023•1 hr 1 min
Mary Ellen Stanek, co-chief investment officer at Baird Advisors -- a firm known best for bond investing -- says the Federal Reserve has delivered better than expected results, and while there is plenty of expectation of a reasonably soft landing, buckle up and protect your portfolio because volatility won't be going away even as the economy and the market revert to their long-term historical trends for key indicators like growth, inflation and more. With just days left on the 2023 calendar, Kel...
Dec 26, 2023•1 hr
Avi Gilburt, founder of the Elliott Wave Trader , expects the stock market to reach new highs, but thinks the current rally will carry to those record levels by no later than the second quarter of 2024, after which he says "a bear market is going to be in our future." Additionally, he says there will be a banking crisis that is part of the bear market, notig that systemic issues with the banking system will create trouble that "will likely be worse than what we saw in 2008," when troubles in the...
Dec 22, 2023•1 hr 2 min
Legendary bond fund manager Dan Fuss -- the vice chairman at Loomis Sayles & Co. -- says that while the Federal Reserve was "caught and delayed" in responding to inflation, he gives them "a whole lot of credit" for pulling the economy out of the doldrums while avoiding a crash, noting that this central bank's performance is among the most impressive for any central bank he has watched in his 60-plus year career. Fuss says the market is "fund, it is one of the most impressive accomplishments ...
Dec 21, 2023•1 hr
Garry Evans, chief asset allocation strategist at BCA Research , expects a recession in 2024 but says that the Federal Reserve has eased conditions enough that it will happen later in the year and likely will be mild. Still, he says the risk is that inflation is not really dead, and what happens if it starts to re-ignite. As a result, he is hedging against inflation and while he would like to use gold to do it -- although he notes it is "a hedge against central banks turning too dovish," and not...
Dec 20, 2023•58 min
Jon Wolfenbarger, founder and chief executive officer at BullAndBearProfits.com says he foresees a market downturn of 60 percent in the next year or two, and that it could be down 50 percent from current levels a decade from now. Wolfenbarger bases that forecast on valuation levels "that are the highest they have been in history, higher than they were in 1929" or at the peak of the tech bubble. Wolfenbarger says a recession is coming soon if it hasn't already started, and that economic condition...
Dec 19, 2023•1 hr 1 min
Doug Ramsey, chief investment officer for The Leuthold Group , says the stock market's recent rally most likely pushes the economic cycle out by a month or two, but he says that the amount of tightening that is already in place and the impacts of the inverted yield curve hitting the economy will finally come to roost in economic fallout that "down the road is going to be severe." Ramsey expects a recession in the first half of 2024, and has a lot of economic data that he suggests support that co...
Dec 18, 2023•1 hr
Bryan Cannon, chief portfolio strategist at Cannon Advisors , says we're in a secular bull market right now, but he notes that a secular bear -- usually not recognizable until it's in the rearview mirror -- could be close, because "you've never had inflation without a secular bear market." Cannon expects the current rally to continue into the new year, but he notes the charts and the trends could change along with the calendar, making it hard to read 2024. Also on the show, Sarah Foster discusse...
Dec 15, 2023•1 hr 1 min
Darrell Cronk, chief investment officer at Wells Fargo Wealth & Investment Management -- president of the Wells Fargo Investment Institute -- says the market's current rally has it ahead of where it should be, and he expects a slowdown both for the economy and the stock market early in 2024, lasting until the Federal Reserve cuts interest rates and stimulates the economy, kicking off a strong second half of the year. In discussing Wells Fargo's outlook for 2024 , Cronk recommends that invest...
Dec 14, 2023•1 hr 1 min
Matt Hougan, chief investment officer at Bitwise Asset Management -- the nation's largest crypto index fund manager -- says that cryptocurrency has historically moved in four-year cycles, with a big move upwards followed by a big reset. Last year, when crypto suffered losses bigger than the down market, was the setback; now crypto assets are in the recovery phase -- which he says most investors aren't paying attention to -- setting up "a significant and sustained bull run in crypto." Also on the...
Dec 13, 2023•59 min
