Goldman Sachs analysts see a nice rise in equity markets for 2024, and disappointing employment figures do not concern them. The reason? The Fed is about to lower its rates this week, which could seriously boost the ongoing rally 🔥
The interesting twist: A slowing labor market = more profits for companies. The math is simple: each decrease of 100 basis points in labor costs increases the earnings per share (EPS) of the S&P 500 by +0.7% 📊
Bottom line: Investors see this slowdown as just a temporary dip. Sentiment remains ultra bullish for the future 🚀
#TradFi #StockMarket #FedWatch #MacroEconomics #BullishVibes
