Outlook on Stock Market: Key Predictions for 2024
Thursday, 12 September 2024, 11:30
Key Insights on Market Outlook
The current outlook for the stock market indicates a challenging environment in the coming months. However, investors should stay tuned for a potential turnaround as Tom Lee, the head of research at Fundstrat, shares his insights.
Short-Term Challenges
- The next eight weeks could pose difficulties for investors.
- Market turbulence is primarily due to the upcoming presidential election.
- Recent presidential polls show a close race between key candidates.
Long-Term Optimism
- Despite short-term predictions, Lee forecasts a possible 10% rally by year-end.
- The S&P 500 could experience a bottoming out at 5,350.
- Investors are urged to remain optimistic about year-end performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.