Surprising Strength Expected in Fourth-Quarter 2023 Earnings Growth for S&P 500 Companies: LSEG Data

10 February 2024 - 127 views

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Goldman Sachs Predicts S&P 500 Index to Reach 5200 by Year-End 2023

20 February 2024

Goldman Sachs raised its year-end S&P 500 index target to 5200 from 5100, suggesting a 4% potential increase from current levels. This adjustment reflects increased profit estimates with a new 2024 EPS forecast of $241, an 8% upward revision surpassing forecasts. Expectations for higher economic growth and profits in tech and communication sectors are driving optimism. The focus is on earnings growth as a key driver of market performance, with risks highlighted.

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Navigating the Uncertainties: The Impact of Changing Dynamics on Commodities Prices

20 February 2024

In the past, there was talk of a commodities “supercycle” fueled by a post-pandemic economic recovery and green energy shift. However, current uncertainties have led to a sharp downturn in prices, impacting key materials like lithium and nickel. Predictions for future oil demand vary widely, reflecting political and technological uncertainties. The evolving EV market and shifting global policies further complicate commodity market forecasts.

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Inflation Surges Prompt Federal Reserve Caution on Interest Rate Cuts in 2024

20 February 2024

A recent surge in inflation data, including Producer and Consumer Price Index reports exceeding expectations, has led the Federal Reserve to adopt a cautious approach on interest rate cuts in 2024. Fed officials, such as Atlanta’s Raphael Bostic and San Francisco’s Mary Daly, foresee rate cuts likely occurring later in the year as they monitor inflation trends and economic stability carefully.

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