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Podcast: Money Life with Chuck Jaffe
Episode: LPL's Krosby: Market 'gets healthy' on shallow downturn, modest gains in '24
Description: Quincy Krosby, chief global strategist at LPL Financial, says that rolling recessions haven't eliminated the possibility of a true, classic recession but she doesn't think there will be anything more than a shallow downturn in 2024 as the economy continues slowing to resolve inflation and other headline issues. She expects stocks to deliver "a comfortable return" in 2024, but with volatility and a "healthy" move toward equilibrium. Don Vandenbord, chief investment officer at Revere Asset Management, makes his debut on the show talking technicals and notes that short-term trends are all strong and that the market's recent run shows that performance...