We continue to forecast that the U.S. will stay out of a recession during this Fed tightening cycle, notes Jay Hatfield. He discusses how housing data helps forecast a potential recession. He highlights that housing starts data is encouraging. He is bullish on both stocks and bonds for 2024 as they expect global rate cuts to drive U.S. treasuries into the 3%-3.5% range. He also expects small caps, financials, and REITs to outperform the SPX as rate declines continue throughout 2024. He then goes over the economic outlook for 2024. Tune in to find out more about the stock market today.