Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Read More Market bets for 2024 thrown into chaos by US recession conundrumTag: S&P 500
Big investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-livedS&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024.
Read More S&P 500 to see small gain in 2024 as US economic risks rise – Reuters pollWall St rallies as cooling inflation boosts peak rate bets
Wall Street’s main stock indexes climbed inflation data boosted expectations the Federal Reserve was done raising interest rates.
Read More Wall St rallies as cooling inflation boosts peak rate bets