The current positive stock market momentum will continue until June 2024, according to Wolfteam Ltd.'s economic and company profitability estimates.
Wolfteam Ltd. expects either the US economy to enter a shallow recession or a medium financial crisis to develop in the second half of 2024. Interest rates levels are just too high for everything in the economy and financial markets to run smoothly. In addition, there is a lot of debt accumulated in the US and global economy. The expectations for companies' revenues and profits built in the US stock market is just too optimistic and high, according to Wolfteam Ltd.
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