2024 Outlook: Bullish Year for Stocks Despite Potential Liquidity Shock and Economic Turbulence
Bank of America suggests that the long-term bull market in stocks is still intact, as the Dow Jones Industrial Average reaches record highs. The recent upside breakouts from significant bases on the Dow and other key US equity indices indicate that the secular bull market continues. While the Dow has hit new all-time highs, the S&P 500 and Nasdaq 100 are still a few percentage points away from breaking their January 2022 records.