American shares are poised for another year of leading global markets by a hefty margin, based on a set of ETFs through Friday’s close (Dec. 20). Echoing results in 2023, US stocks in 2024 will likely take the performance crown with a red-hot gain for a second straight calendar year.
Daily Archives: December 23, 2024
Macro Briefing: 23 December 2024
US consumer spending increased in November, reaffirming the economy’s resiliance. Personal consumption expenditures rose 0.4% last month, edging up from a 0.3% gain in the previous month. “The economy continues to grow from strong consumer demand as income growth and the wealth effect from higher portfolio values give consumers capacity to spend,” says Jeffrey Roach, chief economist at LPL Financial. “Inflation was more benign than expected but the stickiness of some categories supports the Fed’s hesitancy to materially lower rates next year.”
