2024 earnings growth will be at 10-11% with half coming from the Mag 7: Strategist [Video]

JPMorgan’s Jordan Jackson joins Yahoo Finance Live to weigh in on the market impact of potential Federal Reserve rate cuts later this year. Though a March cut is unlikely, Jackson notes that historically when the Fed eases rates with no recession, as may “play out” in 2024, it proves “a pretty supportive backdrop for stocks.”
If rate cuts materialize absent a downturn, Jackson believes it could renew “investor confidence” and possibly spur a rally “in the back half of the year.” Despite slowing growth, he doesn’t see growth “collapsing.”
Jackson finds value in large-caps and earnings. Though the tech giants and broader earnings growth may slow, he still expects “strong” performance overall if the Fed pivots.
#youtube #stockmarket #stocks
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance