Posted 11/29/2023, 4:22:55 PM
Stocks Seen Higher in 2024 Despite Risks
- Carson Group Chief Market Strategist Ryan Detrick remains bullish on markets heading into 2024 despite economic uncertainties
- Detrick sees broad participation across sectors, with productivity, jobs growth, and earnings forecasts improving
- Small caps are attractive if Fed pivots dovishly; defensive sectors like staples and utilities continue lagging
- 2024 election poses some policy changes but unlikely to derail markets with solid economic fundamentals
- Historical data shows first term President election years see markets move higher on average