Why Stocks Might Rise 10% in 2024, per CFRA’s Stovall
When the S&P 500 advances more than 20%, as it did in 2023, history says it will climb an average 10% in the next year, an investment sage finds.
When the S&P 500 advances more than 20%, as it did in 2023, history says it will climb an average 10% in the next year, an investment sage finds.
The mega-cap tech giants appear invincible. But things always change in the market.
The central bank wants the price index growth to ratchet down to 2%.
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
The S&P 500 is nearing its peak, but here is the case made by several prominent Wall Street seers for why things can go awry.
UBS analysts think the Fed will need 6 months or so to realize it can ease, gradually slicing the central bank’s benchmark by a modest amount, up to 0.75 points.
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
Almost half are slowing and one-third are lowering exposure to stocks and other risk assets, per CoreData.
A host of macro problems leave PE fund investors with just small gains.
Lombard’s Blitz makes the case for why the Fed will keep hiking, all the way up to 6.5%.
Expect higher oil prices, but these likely will not be crippling, strategists say.