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Some thoughts about 2024:\n\nCompanies will provide conservative 2024 outlooks when they report Q4 results later this month and early next month.\n\nThe Fed will likely renew its Bank Term Funding Program, further backstopping bank balance sheets against unrealized losses.\n\nThe Fed will reinflate bond prices and asset prices in general as it cuts rates and eventually winds down QT.\n\nThe Fed will quickly cut rates close to the zero bound if the economy rolls over sharply. QE could also be in the cards.\n\nTreasury debt will spike higher as a percentage of GDP in 2024. The 2024 fiscal deficit will exceed $2 Trillion, further devaluing the U.S. Dollar.\n\nThe fiscal side will stimulate through heavy spending (fiscal spending is up 17% fiscal year-to-date through the end of November).\n\nWars are active or actively brewing on multiple geographic fronts which could significantly impact oil prices as well as be a source of disruption both for the American economy and the capital markets. State-sponsored cyberattacks on critical infrastructure is a real threat.\n\nA contested election is my expectation for November 2024.\n\nRead the full TEK2day article: https://open.substack.com/pub/tek2day/p/2024-will-be-anything-but-boring?r=1rp1p&utm_campaign=post&utm_medium=web\n\nRead our Amazon Kindle book: https://www.amazon.com/Stagflation-Imminent-Jonathan-Maietta-ebook/dp/B091NB9V7M\n\nLearn more about TEK2day here: https://tek2day.com/about/\n\nJohn Ford reference here: https://youtu.be/POgWODZyUGQ?feature=shared