believes that run of success will continue thanks to the Fed engineering a soft landing – where it manages to bring inflation down to its 2% target without tanking growth.
Palihapitiya predicted that US growth will slow but not"crater", with the central bank likely close to the end of its tightening cycle afterRenewed optimism about the economy will then give way to"a sustained forward-looking rally and a 2024 where rates can slowly be cut," he added. US stocks will also appeal to investors seeking to diversify away from China or Europe, according to Palihapitiya., with the country's central bank responding by slashing key interest rates in a bid to stimulate growth.
Meanwhile, many European countries appear to be hurtling toward a recession – and inflation is still running close to 9% in countries including