Oppenheimer’s Stoltzfus Makes Bullish 2024 Year-End Target

01 mins 13 secs

Please login to access your playlists.
Share a link to this video

Oppenheimer Asset Management Chief Investment Strategist, John Stoltzbus is feeling good about stocks in the economy in the new year. He tells Bloomberg TV why he sees the S&P 500 climbing higher to 5200 to close out 2024. - You know, the thing about this is, when we look at it, we think the traders right now are pushing this dream of four rate cuts next year. We think the economy is showing significant resilience in the face of what is it, 11 hikes and three pauses thus far or skips, as the Fed prefers to call it. The Fed has shown remarkable sensitivity as it practices its mandate to keep untoward levels of inflation and in check. And so all in all, we think this looks good as it cuts likely to happen in the second half of the year. And probably maintain mostly, if it's going to happen, probably in the fourth quarter and then only once or twice. 

Transcript

John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, tells Bloomberg TV his expectations for monetary policy and equities in the year ahead.

COMPANIES

TOPICS