2023 Markets Soar, But Risks Remain for More Modest 2024 Gains
• Wall Street forecasts for 2023 were too pessimistic - S&P 500 is up 25% and Bitcoin up 150%
• 2024 outlook is more positive - forecasts see lower rates fueling 6% S&P gains
• But inflation and recession risks remain which could limit equity gains
• Politics unlikely to impact markets much - presidential elections historically not volatile
• Wildcards like legal issues for candidates or contested results could add uncertainty