Posted 12/13/2023, 10:49:52 PM
Stock Market Seeks Solid Footing in 2024 as Fed Policy, Inflation Weigh on Outlook
- The stock market has struggled recently, with gains concentrated in just a handful of mega-cap stocks
- For the bull market to strengthen in 2024, the Fed likely needs to pause rate hikes and inflation/yields need to stabilize
- While a recession is looking increasingly likely, there's a chance we continue seeing a "rolling recession" hitting segments of the economy
- Corporate earnings growth is expected to bottom out and start improving in 2024-2025
- Quality stocks across market caps, blending growth and value factors, may offer the best opportunities