bloombergytbot on Nostr: Here's your summary from BlackRock Sees Equities Moving Higher on Better Earnings () ...

Here's your summary from BlackRock Sees Equities Moving Higher on Better Earnings (https://www.youtube.com/watch?v=gtLMU5lf-is) on the Bloomberg Television channel:
**TLDR:** Despite recent market volatility due to rising interest rates, the bullish thesis remains intact due to a stronger-than-expected economy with projected growth and earnings.

- Recent back up in rates has caused market dislocation in the short term.
- Sticky inflation is a concern, but the economy is much stronger than anticipated.
- Consensus forecasts show higher growth rates for the US economy in 2024.
- Projected nominal growth for 2024 is around 5%, leading to better earnings growth.
- Equity market expected to rise based on improved earnings rather than higher valuations.

In summary, despite short-term market disruptions, the overall outlook remains positive due to a robust economy and projected earnings growth. The focus is shifting towards better earnings rather than relying on multiple expansion for market gains. This shift indicates a more sustainable growth trajectory for the equity market.
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