Posted 12/31/2023, 4:52:00 PM
Moderate Gains Forecasted for Stocks in 2024, Led by Growth Early and Potential Value Comeback
- Expect moderate double-digit S&P 500 gains in 2024, with growth stocks leading early and value stocks late
- No recession forecasted, with inflation continuing to moderate
- Republican will likely win 2024 presidential election
- History shows election years and years after negative returns positively for stocks
- Rate cuts could boost value stocks late in 2024, but aren't needed for gains