Wall Street entered 2024 betting the year would go perfectly, but an up-and-down start for stocks and bonds suggests the going won't be easy.
Stocks have climbed to records, driven by cooling inflation that has spurred investors to anticipate as many as six interest-rate cuts. Falling rates often boost share prices by reducing the relative appeal of bonds and making it cheaper for companies and consumers to borrow, lifting corporate profits.
But despite Friday's record close in the S&P500, the rally in major indexes has stalled in recent weeks-the benchmark index is up less than 2% from where it was a month ago-while the labor market and economy show few signs of slowing. Bond yields have ticked up in the new year after falling sharply at the end of 2023.
This dynamic is prompting some analysts and portfolio managers to warn that further stock gains might be halting because the rate cuts that are widely expected to power the market higher might not arrive as quickly as bullish investors had wagered.
"Clearly, the consensus is that inflation is under control and we're heading for a soft landing," said Doug Fincher, a portfolio manager at New York City-based hedge fund Ionic Capital Management. "It's certainly possible-but a lot of that is priced in." The S&P 500 is up 1.5% this year, but analysts see more signs of caution under the hood.
ãã®èšäºã¯ Mint Mumbai ã® January 22, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Mint Mumbai ã® January 22, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Using AI In Workflow To Make Work Less Stressful
Al's role in workflow automation goes beyond efficiency-it also directly impacts employee well-being
Employees' Provident Fund Has Issues. Can Employees Opt Out?
EPF contributors face mounting challenges as limited withdrawal options and high rejection rates persist
The Promise And Challenges Of Insurance Reform
One of the most awaited results of the hike in foreign holding is the infusion of capital
Becoming better at work with daily reflection
Fujifilm India's Arun Babu on the significance of constant learning
A new incentive structure could help preserve standing forests
The proposed tropical forest forever facility would use blended finance to reward countries for protecting their green cover
Let someone else play knight in shining armour for Disney
CEO Iger should quit can-kicking and help the next chief succeed
Thomas E. Kurtz gave us our Basic lessons in software
He wanted computers kept accessible, as seen in the programming language he pioneered
Why the 5-star hotel experience needs urgent reforms
From gagging TV sets to guiding guests on surviving tucked-in beds, plenty needs to be fixed
COP-29 could not escape the US election's impact
The $300 billion pledged by rich countries as climate funding is grossly insufficient. True, Trump's US may revert to climate scepticism, but others must try harder to mobilize funds
Empower women to participate equally in Digital India's success
We must go beyond bridging gaps in internet access and maximize women's agency in using devices