2023 was full of economic headwinds to new and ongoing geopolitical conflicts, chaos in Congress, a banking crisis, and more. 2024 will bring new headwinds the for the markets, with looming deadlines to avoid a government shutdown, escalating geopolitical conflicts and more. HSBC Global Private Banking and Wealth Chief Investment Officer, Americas Jose Rasco joins Yahoo Finance to give insight into the outlook for 2024 and what investors should expect when it comes to economic headwinds and potential volatility in the market.
Rasco points out there are two potential headwinds coming out of Washington at the beginning of the year: the 2024 election process begins and another scramble to avert a government shutdown.
Rasco comments on the 2024 election and the potential fallout after: “I think regardless of who is in the White House, the key is really the split in power. If you get a Democrat or Republican in the White House, it is clearly important that we have Congress on the other side of the fence because when you get that gridlock in Washington, markets tend to do better. That is really the key because markets do not like surprises. Therefore, we need that split in power, regardless who wins.”
#stockmarket #youtube #stocks
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Just legalize weed already
Sorry, once you use the term “irregardless” I can’t listen to anything else that comes out of your mouth l. If you can’t even get that right, certainly the more complicated subjects aren’t going to be very kind to you.
Hard to know what the future will hold. Best way to prepare is to learn how to Invest. A Teenager’s Guide on how to Invest is a good book for new investors.
“Walstreet loves gridlock” is another nonsensical trope pushed by backstreet republicans. Specifically rich republicans who want people to think that regulations to protect our food, water, land and health from greedy corporations and super wealthy is somehow bad for us. If you really think that, congratulations. You’ve been sold a lie, against your very own self-interest.