"Wall Street's Roller Coaster: From 2023's Blunders to 2024's Bull and Bear Predictions"

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Source: WOLF STREET
TL;DR Summary

The stock market experienced significant volatility over the past two years, with major indices like the S&P 500 and Nasdaq Composite ending close to where they were years prior despite large fluctuations. The Nasdaq 100 outperformed, hitting new highs due to the surge in mega-cap stocks, known as the Magnificent 7, which include companies like Nvidia and Tesla. Small caps, as tracked by the Russell 2000, ended the period lower than three years ago. The 10-year Treasury yield saw a dramatic rise and fall, ending 2023 at the same level it started, despite a tumultuous journey influenced by expectations of Federal Reserve rate cuts.

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