"2024 Stock Market Forecast: Positive Outlook and Promising Indicators"
TL;DR
Fundstrat's Tom Lee suggests that the S&P 500 could surpass his 2024 year-end price target of 5,200, potentially reaching 5,500 or more, following a positive January for the stock market. He believes that the January Barometer, which indicates a strong start to the year, bodes well for further gains throughout 2024, citing historical data to support his bullish outlook. Lee attributes the potential for double-digit gains to the Federal Reserve's easing mode and anticipates a great year for stocks ahead.
- Stock Market Outlook: Fundstrat Suggests S&P 500 Can Exceed 2024 Target Markets Insider
- U.S. stocks can climb a lot higher in 2024 MarketWatch
- Will the 'January barometer' be accurate this year? Yahoo Finance
- Wall Street is on pace to finish January higher. Why that could be good news for the rest of the year CNBC
- This Stock Market Indicator Says We're In For A Good Year. Investor's Business Daily
Want the full story? Read the original reporting
Read on Markets Insider