* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

    SRM Entertainment Announces $5 Million Private Placement – GlobeNewswire

    SRM Entertainment Secures $5 Million Investment to Fuel Growth!

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

    Wilmington’s future of fun: 5 recreation and entertainment spaces planned in the Port City – Wilmington Star-News

    Exciting Developments Ahead: 5 New Recreation and Entertainment Spaces Coming to Wilmington!

    Jason Momoa Is Done With Peace in Apple’s ‘Chief of War’ Teaser – Yahoo

    Jason Momoa Embraces Chaos in Gripping Teaser for Apple’s ‘Chief of War’

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    InfiMotion Technology launches TL 300 integrated drive system – Automotive Powertrain Technology International

    InfiMotion Technology Unveils Game-Changing TL 300 Integrated Drive System!

    Aera Technology Debuts Decision Intelligence Skill to Navigate Shifting Tariff Dynamics Across Value Chains – Silicon Canals

    Unlocking Success: Aera Technology Launches Innovative Decision Intelligence Skill to Tackle Evolving Tariff Challenges in Value Chains

    Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

    Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Novotech Honored with Triple Win in 2025 Pharmaceutical Technology Excellence Awards – Morningstar

    Novotech Celebrates Triple Triumph at the 2025 Pharmaceutical Technology Excellence Awards!

    Experts Issue Warning on New TSA Technology – Men’s Journal

    Experts Sound Alarm Over New TSA Technology: What You Need to Know

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

    SRM Entertainment Announces $5 Million Private Placement – GlobeNewswire

    SRM Entertainment Secures $5 Million Investment to Fuel Growth!

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    Embracer intends to spin off Coffee Stain Group by the end of 2025, with remaining business rebranded as Fellowship Entertainment – GamesIndustry.biz

    San Jose eyes creation of entertainments zones with FIFA World Cup, Super Bowl LX on the horizon – The Mercury News

    San Jose Sets Its Sights on Exciting Entertainment Zones Ahead of FIFA World Cup and Super Bowl LX!

    Wilmington’s future of fun: 5 recreation and entertainment spaces planned in the Port City – Wilmington Star-News

    Exciting Developments Ahead: 5 New Recreation and Entertainment Spaces Coming to Wilmington!

    Jason Momoa Is Done With Peace in Apple’s ‘Chief of War’ Teaser – Yahoo

    Jason Momoa Embraces Chaos in Gripping Teaser for Apple’s ‘Chief of War’

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    InfiMotion Technology launches TL 300 integrated drive system – Automotive Powertrain Technology International

    InfiMotion Technology Unveils Game-Changing TL 300 Integrated Drive System!

    Aera Technology Debuts Decision Intelligence Skill to Navigate Shifting Tariff Dynamics Across Value Chains – Silicon Canals

    Unlocking Success: Aera Technology Launches Innovative Decision Intelligence Skill to Tackle Evolving Tariff Challenges in Value Chains

    Auditory Processing and Psychosocial Improvements with Remote Microphone Technology: An Evidence Review – The Hearing Review

    Unlocking Sound: How Remote Microphone Technology Enhances Auditory Processing and Boosts Psychosocial Well-Being

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Quadient and Nuvei Forge Strategic Technology Partnership – Finovate

    Novotech Honored with Triple Win in 2025 Pharmaceutical Technology Excellence Awards – Morningstar

    Novotech Celebrates Triple Triumph at the 2025 Pharmaceutical Technology Excellence Awards!

    Experts Issue Warning on New TSA Technology – Men’s Journal

    Experts Sound Alarm Over New TSA Technology: What You Need to Know

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

S&P 500 Index poised for record high in 2024

December 12, 2023
in Business
S&P 500 Index poised for record high in 2024
Share on FacebookShare on Twitter

In 2024, the S&P 500 is forecasted to reach a record high, according to Bloomberg’s Markets Live Pulse survey. Despite a weaker consumer outlook, 518 respondents predict the index will climb to 4,808 points, driven by a favourable US economic backdrop, improved earnings, and attractive valuations. While some express caution, citing potential rate cuts and a slowdown in growth, the majority expects US stocks to outperform global peers, reflecting confidence in the resilient economy. Notably, investors are shifting focus from tech giants to overlooked market sectors in pursuit of bargains.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

A Record High Is in the Cards for US Stocks in 2024

By Farah Elbahrawy and Sagarika Jaisinghani

The S&P 500 Index will hit a record high in 2024 as the US avoids sinking into a recession, although a weaker consumer will mean the index gains less than this year’s 20% surge, according to Bloomberg’s latest Markets Live Pulse survey.

A median of 518 respondents expect the S&P 500 to climb to 4,808 points next year — topping its previous closing peak of 4,797 hit in January 2022 — and the 10-year Treasury yield to drop to 3.8% from this year’s high of 5%. 

More than two thirds of respondents indicated they don’t see a hard economic landing as the top risk to markets and majority expects Federal Reserve interest rate cuts to begin before July.

“US exceptionalism remains firmly in place,” said Aneeka Gupta, director of macroeconomic research at WisdomTree. “The key drivers are a more favorable economic backdrop versus China and Europe, improving earnings estimates and cheaper valuations for the equal-weighted S&P 500.”

The bullish outlook is a stark contrast from expectations coming into this year, when worries about a staunchly hawkish Fed and the specter of a US recession had investors bracing for volatile markets. But the economy has defied pessimistic forecasts, the labor market remains resilient and Corporate America’s earnings are rebounding sooner than estimated.

Top Wall Street strategists including at Deutsche Bank AG and RBC Capital Markets are also predicting an all-time high for US stocks next year, as they say the S&P 500 has now adapted to the higher rate environment.

Not everyone is as optimistic. Bank of America Corp. strategist Michael Hartnett said while a pullback in yields in recent months had certainly fueled equity gains, a further drop to near 3% next year would signal a sputtering economy and end up being a drag on stocks. Indeed, about 33% of survey participants said they expect an exhausted consumer to represent the biggest risk to the rally next year.

Moreover, the median forecast in the survey — while a record closing high — represents a gain of just about 4% from the S&P 500’s current levels. That’s well below an average 19% jump recorded in a year in which the index advances, according to data compiled by Bloomberg. The level is also below an intraday all-time peak of 4,819.

“We see a bit of tension between possible rate cuts and equity markets,” said Richard Flax, chief investment officer at European digital wealth manager Moneyfarm. “We are currently leaning toward a scenario where growth decelerates and we see some earnings downgrades. That makes us slightly cautious on equities in 2024.”

For Goldman Sachs Group Inc. strategists, the ideal approach is to simply remain invested in stocks and avoid the urge to sell during periods of volatility. MLIV participants are planning on following that advice, with 26% saying they would increase their holdings over the next month — an above-average reading for a question that the poll began asking in August 2022. 

The US is also poised to retain its haven appeal, with 43% saying those stocks will continue outperforming international peers in 2024. That’s par for the course, as the S&P 500 has beaten gains in global equities in eight of the past 10 years.

But after the seven big tech stocks, including Apple Inc., Tesla Inc. and Nvidia Corp., have dominated the market for most of 2023, investors are turning to roughed-up corners of the market from small caps to value shares as they seek out bargains.

“We don’t expect the rally in the Magnificent Seven names to be sustained over the long term,” said Shanti Kelemen, chief investment officer at M&G Wealth. “Valuations are much more attractive in other parts of the US market. As companies in more traditional sectors adopt AI, there is potential to improve productivity.” 

Asked about the biggest bargains for next year, MLIV Pulse respondents overwhelmingly pointed to emerging markets outside Greater China. Hong Kong’s benchmark Hang Seng Index, heading for a record fourth year of losses in 2023, is likely to remain a laggard next year, too. Gold, meanwhile, is expected to gain about 5%.

The MLIV Pulse survey of Bloomberg News readers on the terminal and online is conducted by Bloomberg’s Markets Live team, which also runs the MLIV blog.

Read also:

Investors bullish on 2024, predicting a continued surge in AI stocks
BHI PONZI: Investors fume over losses from Global & Local’s “expert advice”
US stocks surge in best month since 2020, fuelling December optimism

© 2023 Bloomberg L.P.

Visited 177 times, 177 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/global-investing/2023/12/11/sp-500-index-poised-record-high-2024

Tags: businessIndexpoised
Previous Post

Hong Kong ‘patriots only’ election falls flat with record low turnout

Next Post

Charles Savage: Easy may look hectic – but it’s all on plan

Pope Leo XIV: Build bridges for ecological and social justice – Vatican News

Building Bridges: Pope Leo XIV’s Call for Ecological and Social Justice

May 23, 2025
Atomic motion turned into a powerful quantum resource by Caltech scientists – Interesting Engineering

Unlocking the Power of Atomic Motion: Caltech Scientists Transform Quantum Resources

May 23, 2025
Our teeth evolved from fish ‘body armor’ over 460 million years, scientists discover – Live Science

Unveiling the Ancient Connection: How Our Teeth Evolved from Fish Body Armor Over 460 Million Years

May 23, 2025
Lifestyle Choices Key to Mental Health, Says Local Therapist – KCLY Radio

Lifestyle Choices Key to Mental Health, Says Local Therapist – KCLY Radio

May 23, 2025
Inside the World of Royal Finances – Bloomberg

Inside the World of Royal Finances – Bloomberg

May 23, 2025
German economy sees unexpected 0.4% growth in first quarter – MSN

Surprising Surge: German Economy Grows by 0.4% in First Quarter!

May 23, 2025
Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

May 23, 2025
Lancaster General Health – Penn Medicine

Unlocking the Secrets to Better Health: Essential Tips for a Vibrant Life

May 23, 2025
‘Big beautiful bill’ dominates week in politics – WBUR

Power Play: The Week Politics Was Shaped by the ‘Big Beautiful Bill

May 23, 2025
Walmart layoffs: Memo cites rapid technological changes as 1,500 corporate workers lose their jobs – Fast Company

1,500 Corporate Jobs Cut at Walmart Amid Rapid Technological Transformation

May 23, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (634)
  • Economy (646)
  • Entertainment (21,559)
  • General (15,229)
  • Health (9,687)
  • Lifestyle (651)
  • News (22,149)
  • People (649)
  • Politics (654)
  • Science (15,869)
  • Sports (21,155)
  • Technology (15,634)
  • World (636)

Recent News

Pope Leo XIV: Build bridges for ecological and social justice – Vatican News

Building Bridges: Pope Leo XIV’s Call for Ecological and Social Justice

May 23, 2025
Atomic motion turned into a powerful quantum resource by Caltech scientists – Interesting Engineering

Unlocking the Power of Atomic Motion: Caltech Scientists Transform Quantum Resources

May 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version