2024 Market Outlooks Call for More Portfolio Diversification, Less Reliance on Tech Giants
-
Market outlooks for 2024 are varied, with some predicting gains and others losses for the S&P 500. Common themes include a need for active portfolio management and less reliance on mega-cap tech stocks.
-
Markets may be too optimistic about potential Fed rate cuts in 2024. The central bank signaled only 3 cuts, while investors expect 6-7.
-
Small-cap, cyclical stocks and value stocks could outperform in 2024 as growth slows. Banks and communication services are also seen as opportunities.
-
Treasury yields should stay volatile. Long-term bonds look attractive for income investors if inflation is tamed.
-
The sale of US Steel highlights the economy's shift away from manufacturing and American industrial giants. The former titan is now valued at less than 0.5% of Apple.