S&P 500 poised to soar in 2024: Capital Economics

While it has been a muted start to the new year for the US sharemarket, Capital Economics’ John Higgins is still optimistic that the S&P 500 is poised to soar in the next 12 months.

So the Fed risks causing a recession and then having to rush to correct its mistake. John Higgins of Capital Economics lays out what the swerving policy pattern looks like.

“We envisage a future in the US in which inflation is significantly higher than it has been in the past decade, but still only moderately above target; economic growth remains healthy as supply...