Is the Federal Reserve trying to thread the needle with a potential soft landing? In the mid-1970s, the Fed cut interest rates while inflation remained above 2%. This led to the return of double-digit inflation levels and brought on a recession. Kevin Mahn from Hennion and Walsh Asset Management, weighs in on whether the stock market has more room to run in 2024.
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Disclosure: Hennion & Walsh Asset Management currently has allocations within its managed money program, and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs), consistent with several of the investment areas discussed during this interview.