EGSI Financial CEO Talks State of Economy in the Wake of Bank Failures
Ed Siddell, CEO and chief economist at EGSI Financial, joined Cheddar News to assess the market in which the S&P 500 is riding a three-week high. Despite the positive trend, Siddell said there is still too much uncertainty in the market. "What we saw, the GDP came out [and] it's a little bit higher than what most people expected but still well below the original estimates," he said. "Consumer confidence is a little bit higher but I think that has more to do with making sure that their deposits were guaranteed."
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
Brad Bernstein, managing director at UBS Private Wealth Management breaks down the state of the U.S. economy and what to expect from Fed policy from the rest of the year.
SpaceX Investor Chad Anderson discusses Starship's latest test flight, what's next, and why he thinks Elon Musk's leadership sent the company in the right direction.
