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Investors have faith in the Fed in 2024, see bank stock comeback, CNBC survey shows

From cnbc.com

In the final CNBC’s Delivering Alpha Stock Survey poll of the year, the 300 investors, traders and money managers surveyed are behind Jerome Powell and the Federal Reserve. Eighty-eight percent give the Fed an excellent or good score for 2023, that’s better than the 77% from the survey three months ago. More than half believe they’ll start cutting rates in the second quarter of 2024. Those surveyed are mostly planning to put their money in the S&P 500 , with 28% saying that would be a main target for them in the new year. Sixteen percent said they’d mostly be investing in Nasdaq 100 stocks. About 12% said China ... (full story)

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  • Category: Fundamental Analysis