Lauren Goodwin Dismisses Stock Market Correction Fears Amid Recession Concerns: 'We Have A Bit Of Room To Run'
Portfolio Pulse from Benzinga Neuro
Lauren Goodwin, Chief Market Strategist at New York Life Investments, believes the equity markets have room to grow until the labor market weakens, despite recession concerns. Her comments come amid mixed signals about the economy and public sentiment.
June 05, 2024 | 11:22 am
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NEGATIVE IMPACT
Goodwin's comments on the equity markets suggest that bond ETFs like TLT may see less demand in the short term as investors remain optimistic about stocks.
If investors follow Goodwin's optimistic view on equities, they may shift away from bonds, negatively impacting TLT in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Lauren Goodwin's optimistic outlook on the equity markets suggests that the S&P 500 (SPY) may continue to perform well until there are signs of labor market weakness.
Goodwin's comments directly address the performance of the equity markets, which includes the S&P 500. Her positive outlook could boost investor confidence in SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80