(MT Newswires) -- Barbara Reinhard, Voya's Chief Investment Officer and Head of Asset Allocation, believes that the US is unlikely to enter a recession in 2024 due to the progress made in controlling inflation. She also warns that emerging market equities are likely to be among the losers when the Fed starts cutting rates. As far as equities are concerned, she predicts a potential rise of 10-12% in 2024, although she warns that the journey will not be smooth, with high volatility around the time of the US elections.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
68.35 USD | +0.60% | -0.84% | -6.32% |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
68.35 USD | +0.60% | -0.84% | 6.93B | ||
1.249 USD | -0.12% | +0.47% | - | ||
1.069 USD | -0.32% | +0.46% | - | ||
0.731 USD | -0.14% | +0.67% | - | ||
0.6532 USD | 0.00% | +1.81% | - | ||
0.5938 USD | 0.00% | +0.88% | - | ||
0.012 USD | -0.16% | 0.00% | - | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-6.32% | 6.93B | |
+1.51% | 44.31B | |
+10.78% | 12.09B | |
+21.56% | 7.39B | |
-5.22% | 5.7B | |
-3.44% | 3.25B | |
+17.20% | 1.91B | |
-0.48% | 1.6B | |
+0.68% | 1.21B | |
-14.02% | 1.18B |
- Stock Market
- Equities
- VOYA Stock
- News Voya Financial, Inc.
- Barbara Reinhard, Voya Financials: Recession ruled out for 2024, volatility to come