AB Midyear Capital Markets Outlook Webcast: Distinguishing Signal from Noise

Rick Brink , Eric Winograd , Matthew Sheridan, Walt Czaicki, CFA® , Daryl Clements

Where are markets heading? AllianceBernstein's 2024 Midyear Outlook explores opportunities in the current environment and shares thoughts on how investors should be positioned.

Reserve your spot today! Wednesday, July 10 2024 | 2:00 p.m. ET

Another all-time high for equity markets, another round of question marks. Many of the questions are familiar as a critical transition point looms. The US economy still seems on track toward normal, but a pendulum has swung: when it comes to the picture painted by macro data, many investors’ primary worry has shifted from “too strong” to “too weak.”

On top of a seemingly noisy macroeconomic picture, equity market returns have been decidedly top-heavy, driven by a handful of beneficiaries from the artificial intelligence (AI) wave. It’s hard to argue against the quality of those names, but they’ll need to back up lofty earnings expectations in the quarters ahead to continue their run. In the meantime, there’s life—and opportunity—beyond the kingpins.

Reserve your spot for AB’s Capital Markets Outlook Webcast on July 10, when AB’s strategists and investment experts will take a deeper dive into:

• The State of the “Trinity” Today: All eyes remain fixed on inflation, growth and labor—and the net impact they’ll have on rates. The Fed is busy parrying rhetoric from both sides of the “higher for longer” debate, so we’ll dig into the growth and inflation drivers.
• Magnificent Seven vs. the Others: Stocks are rolling but historically low volatility, high index valuations and elevated earnings expectations argue for looking beyond a few high fliers.
• Bonds and the Bumpy Road to Normalization: The second quarter saw intensely volatile rates but ended with little changed. We continue to see strong signs of normalization from the US economy, but unsettled rates suggest a “crawl, walk, run” approach to deploying cash into the market.

Featured Speakers:

Rick Brink Chief Market Strategist

Eric Winograd Director—Developed Market Economic Research

Matthew Sheridan Senior Vice President Director—US Multi-Sector Fixed Income

Walt Czaicki, CFA® Senior Investment Strategist—Equities

Daryl Clements Municipal Bond Portfolio Manager—Municipal Fixed Income

Additional Insights:

Fixed-Income Midyear Outlook: Sail with the Tide

Equity Outlook: Making Way for the Magnificent Others