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A little bit over 1 / 4 into the yr, Bob Doll, Crossmark International Investments’ CEO and chief funding officer, considers it too early or too near name how his predictions for 2024 will fare.
Solely two of his 10 predictions look like on target, whereas the opposite eight seem unsure, he stated in a word Monday.
“We’re in a high-risk, extremely valued bull market pushed by momentum,” he wrote, echoing his earlier commentaries. “Predicting the tip of a momentum run is a idiot’s sport. Fairness buyers ought to deal with incomes predictability, earnings persistence and good money circulation era in fairness choice.”
Within the chief of the faith-based agency’s view, numerous elements which have sustained the economic system regardless of the aggressive Federal Reserve fee hikes will solely delay slightly than avert a recession.
Verify the accompanying gallery for Doll’s early report card on his 2024 predictions.
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