Corporate Profits About to Take a Hit: Citi's Wieting

The video discusses the current state of financial markets, suggesting that while the fourth quarter appeared to be a recession, recovery is underway. However, caution is advised as profits may still be impacted. Investment strategies are explored, emphasizing participation in equities rather than holding cash. The outlook for 2024 is optimistic, but a cautious approach is recommended, focusing on consistent dividend growers and low-cyclicality shares.

What is the expected economic outlook for 2024 according to the text?

What investment strategy is suggested for the near term before the January employment report?