2024 MIDYEAR OUTLOOK
Despite stubborn inflation and high interest rates, the U.S. economy is expected to expand this year at more than twice the rate of other major economies. What's more, American consumers are helping to support growth in the rest of the world. Here’s what to watch for in the months and years to come.
Darrell Spence, Economist
EQUITY OPPORTUNITIES
No rally lasts forever, but at midyear, equities across a broad range of markets and industries appear poised for accelerated earnings growth. Members of our investment team identify the tailwinds behind this and share three catalysts for potential long-term growth.
Sources: Capital Group, FactSet, Morningstar. Magnificent Seven stocks were the top seven contributors to returns for 2023 in the S&P 500 Index. The Magnificent Seven non-U.S. are the top seven contributors to returns for 2023 in the MSCI EAFE Index. Cumulative returns are indexed to 100 on January 1, 2022, and shown through March 31, 2024, and are calculated on an equal-weighted basis for the seven stocks within each group. Past results are not predictive of results in future periods.