Is the US economy set for success?
At the end of 2023, the S&P 500 index was trading at 19.8 times forecast 2024 earnings, having risen 24% in the year. The MegaCap Eight, according to Ed Yardeni of Yardeni Research, was trading at 28 times 2024 earnings and the rest of the market at 17.3. Although the consensus expectation of a recession … Read more