Wall Street Forecasts Modest Returns in 2024 After Big 2023 Stock Gains
- Wall Street expects modest 2-3% S&P 500 returns in 2024 after big 2023 stock surge
- Soft economic landing still expected, but high inflation and rates will limit growth
- Disagreement over timing and extent of Fed interest rate cuts in 2024
- Higher rates and volatility likely even as recession forecasts fade
- Gains pulled forward to 2023 mean valuations less room to expand next year