Stocks Seen Rising Moderately in 2024 Despite Looming Risks
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Markets think the Fed is nearly done hiking rates, spurring a stock rally. Goldman said pre-2008 conditions are returning.
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Higher rates will pressure profits in 2024 and separate well-managed companies from the rest. Mistakes in capital allocation will be amplified.
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Strategists remain cautiously optimistic on stocks in 2024 despite risks of recession, geopolitics, and debt crisis.
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S&P 500 targets for 2024 are largely in the mid-to-high single digits. Stocks seen as more attractive than in recent years.
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Expect tons of volatility, but long-term investors will find opportunities amid the turbulence.