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.
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
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.
Oct 11, 2024, 6:00 AM
The U.S. East and Gulf Coasts have been hit by many damaging and deadly hurricanes over the years. Some of the most economically damaging hurricanes have hit Florida and Louisiana.
Oct 9, 2024, 10:21 AM
Several airports in Florida have temporarily shut down operations ahead of Hurricane Milton's landfall. This marks the second major storm to make landfall in the state in recent weeks.
Oct 8, 2024, 3:56 PM
Floridians are bracing for another hurricane barreling toward the state. Many are stocking up on essential products, leaving retailer shelves nearly empty.