US economy has 'cracks,' but is on track for a soft landing: Ryan Lynch | Fox Business Video
Ryan Lynch from UBS discusses the state of the US economy, noting that while there are some 'cracks' indicating potential issues, the economy is still projected to achieve a 'soft landing' following recent Federal Reserve interest rate cuts. He suggests that the likelihood of a recession may be lower than previously thought, despite existing risks.
Stock Forecasts
HD
Positive
With the Federal Reserve cutting interest rates, there might be increased consumer spending and business investments, which can support economic growth. This could potentially benefit companies in consumer discretionary sectors such as home improvement or retail
DUK
Negative
The ongoing concerns about economic cracks might pressure defensive sectors like utilities, as investors may shift to more stable returns in uncertain times. This could negatively impact stock valuations in those sectors.
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