Stock Market Defies Predictions, Closes Near Record Highs As Panelists See Potential Election Volatility Ahead
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The stock market performed better than many predicted, with steady gains instead of a downturn. The S&P 500 index closed near record highs.
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Panelists see potential for volatility in 2024 due to the presidential election, but divided government may limit extreme policy changes.
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Fiscal health remains a long-term concern, though some see signs of resilience in the US economy recently.
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Perspectives on ESG investing show it evolving from ideology toward pragmatism, with AI presenting opportunities along with governance challenges.
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Fixed income prospects draw mixed opinions – attractive yields now but risks ahead from debt refinancing and tight spreads. 2024 index targets range from 4,500 to 5,100.