"Wall Street Anticipates a Choppy 2024 with Hopes for Economic Normalcy and Rate Cuts"
TL;DR Summary
Wall Street's top bull, John Stoltzfus of Oppenheimer Asset Management, predicts a potential pause in the stock market rally at the start of 2024, following significant gains in the previous year. Despite this, the S&P 500 is expected to grind higher, with a target of 5,200 by the end of 2024, supported by fundamental improvements and continued growth in U.S. corporate revenues and earnings. The market remains data-dependent, with upcoming earnings reports likely to influence investor sentiment.
Topics:business##earningsforecast#finance-and-business#interestrates#sandp500#stockmarket#wallstreet
- Wall Street bull warns of pause in rally but sees S&P 500 grinding higher in 2024 MarketWatch
- For investors, 2024 is year of transition to a new economic order Reuters
- Stock Market 2024 Predictions: Wall Street Expects Rate Cuts, Mild Recessions Bloomberg
- Stock and bond markets will see a 'year for non-consensus' in 2024, technical strategist says CNBC
- Investors' Hope for 2024: A Return to Long-Lost Normalcy The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
85%
531 → 77 words
Want the full story? Read the original article
Read on MarketWatch