Stock Market Predictions for 2024
WEB is Ahead in 2024
The stock market is up 106% year-to-date in 2024 as concerns over a US Economic recession have subsided and investors have shifted their attention. Inflation has fallen back greatly and by 2024 we expect inflation to come back to the Feds 2 target. Our projection is that core PCE will hit 2%.
SP 500 Recovery
The SP 500 generated an impressive 26.29% total return in 2023 rebounding from an 18.11% setback in 2022. The rate of economic growth is forecast to slow in 2024 but no recession is expected. As long-term interest rates rose and the 10-year US.
10 Stock Market Predictions for 2024
What follows are 10 stock market predictions -- including macro predictions that can have bearing on the performance of equities -- for 2024:
1. The S&P 500 will rise by 10%. 2. The Nasdaq Composite will rise by 15%. 3. The Dow Jones Industrial Average will rise by 8%. 4. Inflation will continue to fall and reach the Fed's target of 2%. 5. The US economy will grow by 2.5%. 6. The Federal Reserve will raise interest rates by 0.25%. 7. The US dollar will strengthen against other currencies. 8. The price of oil will rise to $100 per barrel. 9. The price of gold will rise to $2,000 per ounce. 10. The volatility of the stock market will remain high.
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