2024 Stock Market Predictions: Rocketing Highs, Soft Landings, and Single-Digit Returns
Fundstrat's Tom Lee predicts that stocks will reach a new all-time high in 2024 as the Federal Reserve shifts to a less-restrictive monetary policy, allowing a liquidity rally to take off in the market. Lee forecasts the S&P 500 to soar to a record 5,200 by the end of 2024, driven by expectations of interest rate cuts next year and an improving liquidity rally. Other Wall Street forecasters are also optimistic about the market's prospects, with several banks predicting a positive year for the S&P 500 and the possibility of a new all-time high in 2024.
