The market is saying there's no 'growth problem': Strategist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Keith Lerner News

Economic Growth,Growth Trajectory,Market Domination

Despite Thursday's weaker-than-expected GDP figure, which hinted at a slowing economy, Truist Co-Chief Investment Officer and Chief Market Strategist Keith...

which hinted at a slowing economy, Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner joins Market Domination to explain why this number doesn't accurately reflect the economy's growth trajectory.

On the inflation front, Lerner acknowledges that he had anticipated a post-pandemic economic slowdown. However, even with solid growth, he remains optimistic that inflation can be brought down to the 2% target. Addressing concerns about stagflation, he states,"It's a risk, not our base case.") sectors as evidence that"the market is telling you that we don't have a growth problem at this point.

The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions. ARK has long counted Tesla as one of its top holdings, but its more than 40% decline year-to-date has weighed heavily on the performance.3 Magnificent Stocks That Have Created Many Millionaires, and Will Continue to Make More

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian dividend sectors ‘overdue for a sharp reversal to the upside,’ says BMO chief investment strategistDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »

BMO Chief Investment Strategist Predicts TSX to Outperform S&P 500BMO chief investment strategist Brian Belski believes that the pace of the U.S. equity market rally is unsustainable and that as a result, the TSX will outperform the S&P 500 in the coming months. Mr. Belski’s most recent research report outlined how U.S. markets are broadening out – returns are less driven by megacap technology companies and more determined by sectors with slower profit growth rates – and so performance of the S&P 500 will likely be choppy and flat in the coming months.
Source: globeandmail - 🏆 5. / 92 Read more »

BMO chief strategist sees buying opportunity for these U.S. stocksDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »