2024 Outlook: Fed Rate Moves and Market Rallies
Originally Published 2 years ago — by Investing.com
Despite concerns about an overbought S&P 500, historical trends suggest that overbought conditions don't always lead to immediate declines. As 2023 concludes with double-digit gains in global markets, the outlook for 2024 appears promising, with inflation moderating and efforts to avoid recession in an election year. Insiders rushing to buy stocks and the potential for additional rallies following substantial surges indicate positive market sentiment. However, prioritizing risk control remains crucial, especially for those who have secured gains, as optimism makes a comeback.