Stocks are celebrating an early Santa Claus rally — and it’s not even December yet — as investors feel more at ease buying back into the market as inflation cools and the Federal Reserve is signaling its intentions to cut interest rates in 2023. Now, questions are popping up over whether this rally is sustainable well into 2024.
US Bank Wealth Management Senior Investment Strategist Rob Haworth joins Yahoo Finance to share forecasts on his favored sectors of the market during this rally and what the market may look like in 2024.
“There is certainly some value that’s arisen in the market as we take a look into 2024, we’ve seen utilities, defensive companies, financials, healthcare, a lot of sectors outside of those gross sectors like technology and communication services which have been left behind and may have some catch up to do in 2024,” Haworth explains. “But, it’s hard in the long-term to discount those growth-oriented companies because this is an economy where fast is getting faster.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Connect with Yahoo Finance:
Check the latest news and data at finance.yahoo.com
Follow Yahoo Finance on social:
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
