S&P 500 Forecast to Hit Record High 5,100 in 2024 Despite Recession Risk: BMO
• The S&P 500 will jump 12% to fresh record highs of 5,100 in 2024 despite potential recession, according to BMO's Brian Belski
• Falling inflation, interest rates, strong jobs market will act as tailwinds for stock market
• Gains to be more evenly distributed across sectors unlike 2022's mega-cap tech rally
• Mild "recession in name only" may hit, but jobs trends matter more to Belski
• Belski overweight tech, financials; underweight energy, materials, consumer staples for 2024