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Can the Market Continue its Momentum in 2024?

Perhaps, as we approach the end of 2022, most investment banks did not anticipate the robust performance of the U.S. stock market in 2023 amid the "fire" of interest rate hikes. As of the closing on December 22nd, the S&P 500 index and the Nasdaq 100 index have surged by over 24% and 54% respectively this year.
Can the Market Continue its Momentum in 2024?
Data reveals that the gains in the S&P 500 this year are primarily driven by the "Big Seven" in the tech sector—Apple, Microsoft, Google, Amazon, Meta, and the newest additions, NVIDIA and Tesla. Excluding the "Big Seven," nearly one-third of the S&P component stocks have experienced declines this year. Additionally, 72% of S&P component stocks have underperformed the index, reaching the highest level since 2000.
Can the Market Continue its Momentum in 2024?
Can the U.S. economy achieve a "soft landing" in 2024? How will the U.S. elections impact the stock market? Will there be a reversal in the upward trend of the U.S. stock market in 2024?
Explore the latest predictions for the U.S. stock market and the U.S. economy in 2024 from the top ten Wall Street investment banks, analyzing the trends from the perspectives of pessimism, neutrality, and optimism.
Can the Market Continue its Momentum in 2024?
Pessimistic View - JPMorgan: S&P 500 target for 2024 is 4200 points
Neutral Views - Morgan Stanley, Wells Fargo, UBS, and Barclays
Optimistic Views - Bank of America, Citigroup, HSBC, Goldman Sachs, and Deutsche Bank
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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  • 102086369 : The US presidential election year next year will definitely improve the stock market 👍👍

  • Meltyy OP 102086369 : [undefined]

  • T JDDIBG : Entering the second half of the year, the US economy continued to outperform market expectations while the Treasury ramped up debt issuance. Reputation unexpectedly lowered the US bond rating and drove long-term US bond yields to rise rapidly, not reaching 5% in the 10-year period, creating a strong Q3 stock valuation correction. So the market will only move in a good direction, don't be nervous[undefined]

  • hnubc1 : Optimistic.  It’s going to be a 2018 all over again.

  • ZnWC : Thanks for sharing a "balance" view about the US stock market 2024.

    The difference in rating among analysts showed that the stock market is still very volatile. Although voted optimistic, I think no one can accurately forecast if the market is bullish or bearish due to many uncertainties. Our view will depend on risk appetite and holding power.