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2024 Stock Market Outlook: How to Prepare for the Chaos AheadπŸ’°πŸ€©

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2024 Stock Market Outlook: How to Prepare for the Chaos AheadπŸ’°πŸ€©

Video by Corns Investing via YouTube
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2024 Stock Market Outlook: How to Prepare for the Chaos AheadπŸ’°πŸ€©

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So week 1 in 2024 has got on to a red start on the back of the latest nonfarm payroll data for the US, which showed that that employers added 216,000 jobs for December, up from November’s 173,000. The unemployment rate also held steady at 3.7% making the ratio of available jobs to available workers remaining at 1.4:1, which keeps an upward pressure on wages. But while that number continues to trend lower, its pace of decline is slower than the Fed had anticipated.

So what this really means is that the Fed is unlikely to risk inflation reversing back by reducing interest rates too soon. Which means we are going to be in a high interest rate environment for some time until that labour market cools down, which is bad for some stocks you may be holding as their costs of borrowing to drive growth & earnings would remain higher for some time. That’s why the stock market has started on the back foot this year with week 1 being in the red.

So in summary a strong labor market means financial conditions remain tight for the near future, which means pressure on stock market earnings and the multiple investors are willing to pay for those earnings. It also puts a damper on other long-dated risk assets like crypto. 🧯

By this time next month, we’ll have another set of inflation and employment data, and the market will likely come to a definitive conclusion on its rate cut expectations. So some recurring milestones there to be aware of as we head further into the year.

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DISCLAIMER: Please also note that Corns Investing’s content is practical guidance for financial education purposes only, on how to invest in the stock market and so you would need to do your own research. In no event will Corns Investing be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of Corns Investing content on YouTube. Corns Investing is not a financial adviser. All financial decisions made by the viewer should be done after doing their research and talking with a financial adviser or planner. Corns Investing’s video content may change over time, or become outdated or invalid. Thank you and Happy Investing from Corns Investing.

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