Markets React To Fed Policy AnnouncementJohn Moore/Getty
Bank of America strategists broke down the five biggest lessons for investors and the economy from 2023.
The US economy navigated aggressive Fed rate hikes, China struggled, and bond vigilantes returned.
For investors, 2023 marked the end of ”TINA” and introduced alternatives to equities.
Through 2023, surging interest rates have forced global markets and economies to adjust to the end of the easy money era.
Macroeconomic dynamics are front and center for investors as much as traditional market drivers like earnings growth and valuations. In a note this week, Bank of America strategists Joseph Quinlan and Lauren Sanfilippo broke down the five biggest lessons of the year as markets get ready to turn the calendar.
The first lesson? “Don’t bet against America,” the analysts wrote.
A year ago, most forecasters expected a recession in 2023 thanks to the Federal Reserve’s aggressive monetary policy tightening.
But instead of rolling over,…
2023-12-02 16:46:02
Article from finance.yahoo.com
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