Posted 11/21/2023, 1:06:00 PM
Stock Growth Expected to Slow in 2024 as Recession Risks Loom, According to Strategists
- S&P 500 expected to end 2024 around 3% higher than current level, finishing at 4,700 according to Reuters poll of strategists
- Slowing economy and possible recession seen as top risks for stocks in 2024
- Fed expected to hold off on rate cuts until late 2024 to curb inflation, avoid overheating economy
- Earnings growth estimated at just 2.3% in 2023 but accelerating to 11.2% in 2024
- Tech sector remains a favorite for 2024 with continued growth expected in technology revolution