(Hot) Global Soft Landing

Check out the accompanying pdf and chart collection. Executive Summary: Globally, economic growth has been on a downtrend since mid-2022 according to our Global Growth Barometer. Recent drags include the hot summer, Americans’ weaker demand for imports as they spend more on travel and other services, and headwinds in Europe and China unique to them. … Since we don’t expect the US to enter a recession anytime soon, we expect the bull market in stocks to continue. Our new S&P 500 targets for year-end 2024 and 2025 suggest the bull market has legs. … And: Joe explains the importance of the MegaCap-8’s expected earnings turnaround. With these eight stocks representing 27% of the S&P 500’s market cap, their outperformance could power the entire market higher.