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Bloomberg Businessweek
US Weighs Response to Deadly Drone Attack as Iran Denies Role
Jan 29, 2024
40:21
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US weighs potential responses to drone attack by Iran-backed militants in Jordan. VantageScore CEO discusses consumer credit health and concerns. Businessweek shares details of Steve Ballmer's $2 billion basketball arena. Market outlook and performance of NVIDIA and AMD stocks analyzed.
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Quick takeaways
- Mariner Wealth Advisors predicts a back-to-normal year in 2024 with positive economic fundamentals and earnings growth.
- Corporate bond sales reaching a record-breaking level in January reflects strong investor demand and optimism about the economy.
Deep dives
Inflation has calmed and interest rates are normal
The chief investment strategist at Mariner Wealth Advisors believes that 2024 will be a back-to-normal year with the economy, inflation, and interest rates returning to normal levels. He sees the fundamentals and technical trends as neutral to positive, with inflation calming and the Federal Reserve keeping interest rates at a normal level. Jeff Crumpleman predicts that earnings will grow about 10% and sets a target of 5,200 to 5,400 for the S&P 500 in 2024.
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