Torsten Slok, Apollo Global Management Chief Economist spoke to Yahoo Finance anchors Julie Hyman and Josh Lipton to discuss potential risks to markets in 2024 that investors should be aware of.
With many economic headwinds to weather in 2024, questions arise around the status of consumer spending going forward.
Slok explains that consumers are beginning to run out of excess savings which is leading to decreased spending, plus the combination of mortgage rates and resuming of student loans which could be a significant blow to consumer spending.
“At the same time, because of the Fed deciding to turn more dovish and the market interpreting that in a more dovish way, that is now becoming a bit more of a tailwind, so we don’t anticipate that this will create a sharp slowdown,” Slok says. “But, it is very critical that excess savings running out will begin to give a path for consumption where we are going to see a slower growth rate over the next several quarters. That should be a softer landing for the US economy overall.”
Editor’s note: Apollo Global Management owns a majority stake in Yahoo, the parent company of Yahoo Finance.
#stockmarket #stockmarket #stocks
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
😊💯😅
Your energy is contagious! Sending good vibes to everyone watching.
Great interview!
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don’t know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i’m in dire need of proper portfolio allocation
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Margaret.
Its good to end this year knowing how profitable trading has been so far and mostly when it comes to bitcoin day trading……. I would boldly say this here, you can’t be profitable and successful hoping on hodling alone and waiting for the market to skyrocket……”Day trading” still remain the very best way to accumulate and grow a strong portfolio when it comes to crypto.. All praises goes to Dario daily signals and guidance for the well analyzed predictions given to me!!!
Thanks so much. I liked how you made the explanation so brief yet so informative. I missed out on Crypto when it first launched in 2009 due to skepticism and I haven’t. been able to forgive myself ever since. However I made a vow never to miss out on opportunities ever again so I am open to any knowledge that can help me grow my portfolio.
Just think, if consumers hadn’t been so eager to spend spend spend everything in their bank account, inflation would’ve been lower and consumers would have more money in their bank account. Now people are whining nonstop about inflation and can’t afford to pay their bills. Make better choices, people, and want more for yourself than living paycheck to paycheck.
Stocks WILL CORRECT!