US stocks experienced mixed trading on Tuesday as investors await key economic data and speeches from Federal Reserve leaders later in the week. As optimism for the market increases, the question arises: can equities sustain their momentum?
Rob Haworth, Senior Investment Strategist at US Bank Wealth Management, provides insights into the state of the economy and important considerations for investors going forward.
“In the long run, we believe this is a market focused on growth, with a relatively stable economy and potential for earnings expansion. Analysts have already begun revising upward their expectations for full-year 2024 earnings, estimating around $244 per share, depending on the source. This level of growth should be sufficient to keep the market in positive territory for the year,” says Haworth in an interview with Yahoo Finance.