Young Thomas says the bull market has more room to run but notes, “We have to keep in mind that we're in a usually volatile period, and obviously, leading up to an election brings in all kinds of uncertainty.”
She adds, “If earnings growth comes back down to earth for a while, only to pick up later, that is typically what has been the expectation. So we're seeing analysts sort of pull back on strong growth expectations for the next few quarters, and then they pick back up again in the latter half of 2025.”So I head of investment strategy, Liz, always great to have you on the show.
And at least we're comfortable with the idea that GDP growth has stayed strong inflation although is coming in a little bit hotter than expected, still reasonably under control.So the way that the data is showing right now is that things are good, the economy is in much better balance, which is what the fed wanted to see than it was a couple of years ago.
And Bloomberg pointing out in a story today in this interesting gap that I alluded to earlier between what strategists are expecting and what companies are saying and we have a lot of negativity that earnings revisions have been going downward, they've been cut. I think if, if we're, if we're painting with a broad brush, which obviously there are going to be exceptions to every rule.
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