A discussion on the unexpected growth in consumer strength, rise of AI-related stocks, and the impact of past uncertainty on the current consensus view. The chapter also explores the long-term investment potential of AI and its outlook for 2024, as well as the potential impact of upcoming elections on the global economy and investment outlooks.
At the end of every year, Wall Street’s best and brightest release their predictions about where the economy is heading next. Markets reporter Sam Potter has pored through this year’s financial tea leaves – thousands of pages of them – and joined the show to share the most significant takeaways. Overall, there’s optimism about a “soft-ish” landing, disinflation, and continued consumer strength.
But the consensus view has missed the mark before, and 2024 will bring new unknowns, from interest rate changes to technological advances to global elections. We walk through the possibilities, and the stakes: What can we expect if Wall Street is right? And what happens if they’re wrong?
Read more: Here’s (Almost) Everything Wall Street Expects in 2024
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