Stock markets will suffer in the first quarter of 2024 as a rally in bonds would signal sputtering economic growth.
One of Wall Street's biggest bulls see the S&P 500 (^GSPC) surging more than 13% over the next year.
Anticipate significant downturn in S&P 500 with potential 23% drop by mid-2024 coupled with onset of recession forewarned by JPMorgan chart analyst.
Stocks climbed last week, with S&P 500 rising 0.8% to close at 4,594.63. The index is now up 19.7% year to date, up 28.4% from its October 12, 2022.
Beneath the adrenaline rush of November’s stock-market surge is an eerie calm that points to more gains for equities investors.
BofA strategist who correctly predicted this year’s rebound in 60/40 portfolio strategy has warned that the trade could now be set for sharp reversal.
A new outlook from JPMorgan's global equity strategy team projects that the S&P 500 will finish 2024 at 4,200.