Posted 11/27/2023, 4:50:20 PM
Strategists Predict S&P 500 to Hit New High of 5,100 in 2024 on Strong Growth and Valuations
- BMO Capital Markets and Deutsche Bank strategists predict S&P 500 will reach new all-time high of 5,100 in 2024
- Forecasts based on expectations of strong GDP and earnings growth, higher valuations
- Both firms see S&P 500 delivering record $250 EPS in 2024
- Confident stocks can weather potential mild recession in early 2024
- Active investment strategies needed in 2024 as mega cap stocks unlikely to lead markets