S&PGR Says Expect The Us Economy To Transition To Slightly Below-Potential Growth In The Next Couple Of Years
Portfolio Pulse from Benzinga Newsdesk
S&P Global Ratings (S&PGR) forecasts the US economy to shift towards slightly below-potential growth over the next few years, according to Reuters.
March 26, 2024 | 6:06 pm
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The S&PGR's forecast of below-potential growth for the US economy could lead to cautious investor sentiment, potentially impacting SPY's performance.
Given that SPY is a broad-based ETF that tracks the S&P 500, any forecast indicating a slowdown in the US economy directly impacts investor sentiment towards SPY. Lower economic growth can dampen earnings expectations for companies within the S&P 500, leading to potential short-term negative pressure on SPY's price.
CONFIDENCE 80
IMPORTANCE 70
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