Bloomberg Businessweek
Property Slump Spreads to China Financial Sector
Aug 16, 2023
Shehzad Qazi and Dexter Roberts break down the latest headlines out of China including concerns over the financial sector. Katie Thomas discusses retail earnings and the challenges of transitioning to household consumption in China. Jeff Krumpelman gives a bullish outlook on the consumer and stock market recovery.
35:18
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Quick takeaways
- Mariner Wealth Advisors expects solid earnings growth and a strong economy to drive the market, with a target of 4,800 to 5,000 for the S&P 500.
- They highlight the capital spending sector, including engineering and construction, as an area of potential growth and investment.
Deep dives
Positive outlook for the economy and earnings growth
Mariner Wealth Advisors is bullish on the recovery rally and expects solid earnings growth and a strong economy to drive the market. They have a target of 4,800 to 5,000 for the S&P 500, citing positive GDP growth and strong retail sales as indicators of a healthy economy.
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