2024 Capital Markets Forecast: Can the Reign Continue?

Luke Tilley, chief economist for Wilmington Trust Investment Advisors, Inc. provides an overview of Wilmington Trust's 2024 Capital Markets Forecast: U.S. Economic Exceptionalism: Can the reign continue? The U.S.’ economic exceptionalism delivers enviable growth and has driven outperformance of U.S. stocks—further fueled by larger stimulus, more flexible labor markets, and business innovation. But does debt, federal spending, high interest rates, and an aging population threaten the ability of exceptionalism to persist? This presentation, featured at CenterState CEO's 2024 Economic Forecast Breakfast, examines the drivers of U.S. economic and market outperformance, while questioning whether the prospects of maintaining its superior status may be imperiled by risks—such as massive debt and deficit spending—especially in a high interest rate environment.