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Slightly over 1 / 4 into the yr, Bob Doll, Crossmark World Investments’ CEO and chief funding officer, considers it too early or too near name how his predictions for 2024 will fare.
Solely two of his 10 predictions seem like on the right track, whereas the opposite eight seem unsure, he stated in a be aware Monday.
“We’re in a high-risk, extremely valued bull market pushed by momentum,” he wrote, echoing his earlier commentaries. “Predicting the top of a momentum run is a idiot’s sport. Fairness traders ought to concentrate on incomes predictability, earnings persistence and good money circulate era in fairness choice.”
Within the chief of the faith-based agency’s view, varied components which have sustained the financial system regardless of the aggressive Federal Reserve price hikes will solely delay reasonably than avert a recession.
Test the accompanying gallery for Doll’s early report card on his 2024 predictions.
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