Stocks Poised for Strong Gains in 2024 Based on Historic Trends and Economic Outlook
• Stocks are poised for another strong year in 2024 based on bullish historical trends, economic outlook, declining inflation and interest rates.
• Major indexes like the Dow, S&P 500, and Nasdaq have rebounded into bull markets after recent bear markets and typically see huge 1-3 year gains after bear bottoms.
• Inflation has likely peaked with core CPI down to 3.8% and the Fed forecasting rate cuts this year as the economy continues expanding.
• Valuations remain attractive compared to 2021 peaks even as indexes reach new all-time highs, presenting a buying opportunity.
• Proven, profitable stock picking strategies can further boost returns, like targeting Zacks Rank #1 Strong Buys which have beaten the market in 82% of years.