QMA's Keon Expects More Fed Rate Cuts But Not a Lot of Gains for Stocks

The video discusses the Federal Reserve's interest rate cuts, inflation targets, and economic data's impact on future rate decisions. It analyzes stock market trends, highlighting the lag of small caps compared to large caps and the role of valuation in market gains. The discussion emphasizes the Fed's willingness to tolerate inflation above 2% to achieve full employment and stable prices.

Discuss the relationship between earnings growth and stock market valuations.

What expectations do you have for the stock market for the rest of the year based on current data?