S&P 500 Forecast to Drop 14% in 2024 Recession Before Rebounding Later That Year
- S&P 500 predicted to fall 14% in Q1 2024 as mild US recession hits
- Drop could present buying opportunity before a rally later in 2024
- US facing economic headwinds like potential government shutdown and Taiwan election
- Recession may be consumer-led as spending starts to slow
- If patient, stocks could rebound 19% by end of 2024 after bottoming in 1H