Paul Meeks, Independent Solutions Wealth Management portfolio manager, joins ‘Squawk on the Street’ to discuss his broad take on equity markets, how regulatory actions from the government may impact certain stocks, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
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In the midst of economic uncertainty and growing concerns about a potential recession, Paul Meeks from Independent Solutions offers a glimmer of hope. According to Meeks, there may be a chance to navigate through the year without experiencing another economic downturn.
Meeks, a prominent financial analyst and investor, suggests that the world might be able to bypass a recession in 2024. His assertion offers a welcome counterpoint to the prevailing pessimism surrounding global economic growth.
Meeks’ positive outlook can be attributed to several factors. First and foremost, the economic recovery from the COVID-19 pandemic is gaining momentum. Efforts to control the virus’s spread, widespread vaccination campaigns, and fiscal stimulus measures by governments are all instrumental in aiding this recovery.
Furthermore, Meeks highlights the strength of corporate earnings as a compelling indicator of future economic performance. Many companies have weathered the storm of the pandemic and adopted innovative strategies to adapt to new market conditions. As a result, they have reported robust earnings, demonstrating resilience and adaptability.
Meeks also points to the accommodating monetary policies adopted by central banks around the world. From the Federal Reserve in the United States to the European Central Bank, these institutions have pledged to support economic growth by maintaining low interest rates and providing ample liquidity.
Nevertheless, Meeks cautions that his prediction is not a certainty. He acknowledges potential headwinds that could derail this positive narrative, urging vigilance against complacency. Rising inflation, geopolitical tensions, and new virus variants all pose risks to the global economy and could impede the recovery process.
It is important to note that Meeks’ perspective represents just one opinion in a complex field of economic analysis. The consensus among economists and financial experts remains mixed. Some suggest that a recession is still a possibility in the coming years, while others, like Meeks, hold a more optimistic outlook.
Ultimately, the path to economic growth and stability is dependent on various interconnected factors. The successful management of public health crises, effective policy responses, and continued economic resilience will all play vital roles in determining the trajectory of global markets.
As individuals, we must remain informed and adaptive to these changing circumstances. Whether or not Meeks’ prediction holds true, an understanding of the broader economic landscape empowers us to make informed decisions regarding investments, personal finances, and overall economic well-being.
In conclusion, Paul Meeks, a respected financial analyst, suggests that we may have the potential to sidestep a recession in 2024. His optimism is rooted in the ongoing economic recovery, solid corporate earnings, and accommodating monetary policies. However, it is crucial to recognize that economic forecasts are inherently uncertain, and various risks still loom on the horizon. Only time will tell whether Meeks’ prediction manifests, but regardless, a comprehensive understanding of the economic landscape is crucial for navigating the complex world of finance.
"I appreciate your in-depth analysis of current economic trends.
Jerome Powell is extremely incompetent and incredibly incompetent
Maybe there will be a recession and maybe there won't. Thanks for CNBC to saying this for the three millionth time and looking forward to hearing it three million more times.
Year-over-year inflation stood at 6.5% in December 2022—the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?.
cnbc sucks
Yeah no.
So these tech stocks are waiting for rate cuts sometime in 2024…? Seems like a pretty weak call IMO. Think you are better off staying out of the market for the time being
The yield curve is steepening after a prolongued period of inversion. This is an alarming sign. Better to stay out.
Wall Street been predicting recession for years now hyping it more
Nothings gonna happen
He’s lying through his teeth
I mean sure, maybe there is no recession. But why take the risk in equities when you can get 5%+ in a money market fund?
So long as the West's war against Russia (using Ukraine) is going on, the global stock market will continue to tank. This can quickly reverse if Western govts opt to diplomatically end this wasteful craziness. Rich people like Biden, Trump, Christy, Romney opt for ideology win instead. They don't care as their riches are coming from other secure sources.
Thanks, that was a nice update. Looks like the whole of this year will be a bear year, I thought this dip was only going to be for a short period, but clearly was mistaken. Buying and holding were no longer cutting it for me, had to learn how to trade, as I was able to raise 16 BTC from day-trade with Craig Reeder in a few weeks.
WEF's poly says otherwise!
Yield curve and leading economic indicators suggest otherwise.
If things are good that means the fed is going hard next month… stagflation is no joke. What are they thinking?! They are so out of touch from the average consumer. The average American is running out of money and interest won’t lower it will only get higher.
I implore CNBC to post the portfolio performance of every guest during the segment.