Rate Cuts Likely Won't Happen Next Year: Julian Emanuel

The transcript discusses market predictions for the S&P 500, highlighting a potential range of 3000 to 3300 early next year. It examines earnings estimates, noting a divergence between buy-side and sell-side forecasts. The economic outlook suggests a shallow recession or none at all, with GDP tracking positively. The discussion shifts to inflation trends, indicating a peak and potential decline, while the Federal Reserve's strategy is analyzed, with skepticism about rate cuts next year.

What is the expected range for the S&P 500 mentioned in the text?

What are the earnings estimates for the S&P 500 according to the text?

How is the current GDP tracking for the fourth quarter as mentioned in the text?

What is the key question regarding inflation and growth discussed in the text?

What does the futures curve indicate about rate cuts next year?