In other news, Gen Z is turning to influencers for financial advice, fintech startups could still soar in 2024, and Travis Kelce has partnered with Experian on a new ad campaign. The article also reports that the US Treasury will send officials to China to help iron out economic tensions, and that luxury EVs are not performing as expected, leading to a renewed interest in hybrids.
Key takeaways:
- Some market watchers are hoping for a Goldilocks economy, where growth remains high while inflation and unemployment stay low. This could result in the S&P 500 surging to 5,300 in 2024.
- Gen Z is increasingly turning to influencers on platforms like TikTok and YouTube for financial advice, rather than professional advisors.
- Despite a 50% drop in venture funding to financial-technology startups in 2023, VCs are still optimistic about certain areas like generative AI and payroll providers.
- Travis Kelce, tight end for the Kansas City Chiefs, has partnered with Experian on a new ad campaign encouraging people to check their credit scores.