Santosh Rao believes the Trump agenda is likely to favor market growth for the next two to three quarters. A positive signal comes with the Gaza ceasefire and promising economic indicators. The market sentiment is optimistic, and potential interest rate cuts are anticipated in the latter half of the year.
US consumer sentiment near record low ahead of midterm elections
In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict.