Soft, hard, or no landing at all: Here's what 5 Wall Street experts are saying about the fate of the US economy in 2023
"Shark Tank" investor Kevin O'Leary remained optimistic on the market in 2023, and made theThough inflation remains high, the labor market is robust: the US added a stunning 517,000 jobs in January, nearly double economists' expectations. Plus, consumer spending is still strong, O'Leary added.
"We may actually get what people keep saying is impossible … a soft landing. And what that means to me is an 8% return, probably 6% in capital appreciation and 2% dividend yields this year. Not the best year ever, but certainly not a 20% correction from where we are here," he said in an interview with Fox Business on Wednesday.
Stocks have faltered in recent weeks due to investors pricing in two more rate hikes from the Fed at upcoming meetings. But markets have now"corrected accordingly", O'Leary said, suggesting that headwinds were now fully priced in.The top economist and Wharton professor urged investors to, and said it was possible the Fed could avoid a recession and a slowdown as the economy remains strong.
"I do see a stronger economy than I saw four weeks ago," Siegel said in a recent interview with CNBC, adding that inflation may be overstated in the official statistics. Though prices clocked in at 6.4% in the January Consumer Price Index report, key elements of the CPI – like housing inflation – can lag behind the official numbers, he said. Meanwhile, more recent measures shows home prices have plunged from their 2022 highs.
He added that there was a better chance of a"no landing" scenario than a soft or hard landing, particularly considering the strong labor market that's held up against the Fed's tightening efforts so far.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The stock market's euphoric rally has been a head fake: Wall StreetThe stock market's euphoric rally has been a head fake, Wall Street's top strategists warn
Lire la suite »
Nikola's Q4 earnings report triggers Wall Street stock plungePhoenix-based zero-emissions vehicle maker Nikola released its fourth quarter financials showing an operating loss larger than the previous year, triggering a roller coaster ride in its stock price.
Lire la suite »
'Biden and Yellen Should Be Ashamed': US Picks Ex-Wall Street Executive to Lead World Bank'This moment demands a World Bank leader who will prioritize the urgency of the climate crisis, not another Big Business executive with no experience in development, environmental work, or the public sector.'
Lire la suite »
Nikki Haley heads to fundraiser hosted by Wall Street executivesNikki Haley is set to attend a fundraiser in support of her 2024 presidential campaign hosted by Wall Street executives.
Lire la suite »
Universal Display's stock advances as Wall Street overlooks outlook missAnalysts now see the display-technology company's outlook as "de-risked."
Lire la suite »
Utah, other states sue Wall Street regulator over new proxy ruleA group of four conservative-leaning U.S. states is challenging a new rule from Wall Street's top regulator that requires certain investment funds to reveal more about how they vote on shareholder ballots, including on pay packages for top executives.
Lire la suite »