Economic Pain Is Likely In 2024, But Stocks Don’t Have To Struggle All Year

Economic pain is likely in 2024, notes Liz Ann Sonders. She discusses the outlook for the markets in 2024. She talks about rolling recessions and key economic data trends since November 2020. She highlights that just because there could be economic pain, it doesn’t mean that stocks will struggle all year, but we could see the continuation of “rolling recessions.” She looks at the S&P 500 average effective interest rate on debt and the 10-year treasury yield. She then goes over outstanding consumer revolving credit and credit card serious delinquency rate. She also outlines Charles Schwab’s 2024 U.S. economic outlook, as well as the state of the consumer heading into 2024. Tune in to find out more about the stock market today.