Video right now.
55% of People consider they’re in a recession.
Why? As a result of they’ve been in a single.
Most indicators counsel in any other case.
Listed here are a few of Hovde’s predictions from December 2023:
- Financial Slowdown: The U.S. is more likely to enter a recession, with shoppers anticipated to deplete their financial savings, resulting in just one doubtlessly constructive GDP quarter in 2024.
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- Inventory Market and Bond Market: The inventory market is projected to expertise a 15% sell-off inside the subsequent six months, adopted by a average rally when fee cuts start. The bond market, after three consecutive down years, is anticipated to see constructive development in 2024.
- Housing Market: Housing costs may decline by as much as 10%, however restricted stock ought to present some resilience.
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Right here is plot of the S&P500 and what the S&P500 must be in June to match Hovde’s prediction.
Determine 2: S&P500 (daring black), and Hovde’s prediction (pink sq.). Might commentary is thru sixteenth of Might. Supply: FRED, and creator’s calculations.
Lastly, what concerning the housing market? The ten% worth decline is for 2024, so I assume the ten% decline is off December’s stage.
Determine 3: S&P Case Shiller 20 Metropolis home worth index, s.a. (daring black), and Hovde’s prediction (pink sq.). Supply: FRED and creator’s calculations.
