in spending and tax breaks to support clean energy and bring down healthcare costs."So if you're an S&P 500 company, yippee-ya-yoo-ka-yey," he continued."You've got clear sailing for the next three to four years, and the market knows that."
The O'Leary Funds chief — whose nickname is"Mr Wonderful" — touted the benchmark stock index's appeal, even after its 17% rally this year.However, O'Leary underlined the stark contrast between the booming stock market, and the likes of regional banks and small businesses where"the cracks are starting to show."
He predicted the Federal Reserve would keep raising interest rates, driving the cost of car loans and other debts even higher. He also highlighted stubborn increases in food and energy prices, and poorer access to credit as many smaller banks have
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S&P 500 to Benefit from Spending Wave, but Challenges Remain in US Economy: O'LearyKevin O'Leary predicts that the S&P 500 will experience significant growth due to a $500 billion spending and tax breaks plan. However, he also warns that certain sectors of the US economy may face challenges.
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