ClearBridge Investments, an investment management firm, released its fourth-quarter 2023 “Mid Cap Growth Strategy” investor letter. The strategy outperformed its benchmark Russell Midcap Growth Index.
The overall market optimism helped by expectations that the Fed might start cutting interest rates in 2024 is helping riskier assets and equities, including small-cap stocks, penny stocks and cryptocurrencies.
If inflation persists or the US economy enters a recession, consumers may have to significantly reduce their spending on non-essential items, which would negatively impact the earnings of companies in.
According to the International Data Corporation (IDC), global spending on augmented reality and virtual reality is expected to reach $13.8 billion this year and increase to $50.9 billion in 2026.