2024 Stock Market Predictions: Rally Continues with Bumpy Landing Ahead
TL;DR Summary
Wall Street forecasters who predicted a rebound in the stock market for 2023 are now looking ahead to 2024 with optimism. Tom Lee of Fundstrat, Brian Belski of BMO Capital Markets, John Stoltzfus of Oppenheimer, Savita Subramanian of Bank of America, and Ryan Detrick of Carson Group all projected a recovery in 2023, citing factors such as excessive pessimism, a resilient labor market, easing consumer-price pressures, and rate cuts. They now expect further strength in 2024, with targets ranging from 5,000 to 5,200 for the S&P 500.
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