Morningstar: Stock Market Fairly Valued, But Opportunities Remain in 2024 Outlook
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U.S. stock market now fairly valued overall after rebounding, but small-caps and value stocks still undervalued
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Expect economic growth to slow in 2024 but no recession; inflation falling
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Fed likely done hiking rates and may start cutting in 2024
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Communications, basic materials, real estate, utilities look most attractive sector bets
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Join Morningstar's Jan. 10 webinar to explore 2024 outlook further, including GDP/inflation forecasts