Ep. 463: 2024 Will Be Anything But Boring

Some thoughts about 2024: Companies will provide conservative 2024 outlooks when they report Q4 results later this month and early next month. The Fed will likely renew its Bank Term Funding Program, further backstopping bank balance sheets against unrealized losses. The Fed will reinflate bond prices and asset prices in general as it cuts rates and eventually winds down QT. The Fed will quickly cut rates close to the zero bound if the economy rolls over sharply. QE could also be in the cards. Treasury debt will spike higher as a percentage of GDP in 2024. The 2024 fiscal deficit will exceed $2 Trillion, further devaluing the U.S. Dollar. The fiscal side will stimulate through heavy spending (fiscal spending is up 17% fiscal year-to-date through the end of November). Wars are active or actively brewing on multiple geographic fronts which could significantly impact oil prices as well as be a source of disruption both for the American economy and the capital markets. State-sponsored cyberattacks on critical infrastructure is a real threat. A contested election is my expectation for November 2024. Read the full TEK2day article: https://open.substack.com/pub/tek2day/p/2024-will-be-anything-but-boring?r=1rp1p&utm_campaign=post&utm_medium=web Read our Amazon Kindle book: https://www.amazon.com/Stagflation-Imminent-Jonathan-Maietta-ebook/dp/B091NB9V7M Learn more about TEK2day here: https://tek2day.com/about/ John Ford reference here: https://youtu.be/POgWODZyUGQ?feature=shared