CFRA’s Chief Investment Strategist Sam Stovall joined Yahoo Finance Live to share his optimistic 2024 market outlook, stating “next year will be a surprisingly good year.”
He notes multiple supportive factors, including 2024 being an election year with consistently positive historical returns. While overbought conditions near-term could spur pullbacks, Stovall sees no real fear of a bear market now. He expects any dips to follow “a continued advance”, rather than precede declines.
Stovall also observes that an anticipated Fed pause on hikes could lift valuations across assets – “lifting all boats” in size, style, sector and industry. During past Fed reprieves, areas like financials and real estate tended to outperform. And following solid 2023 gains, he suggests “letting your winners ride” per trend, rather than banking on “last year’s losers” recovering as typical after down years.
#stockmarket #youtube #stocks
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Sam Stovall always has good information.
Interesting perspective. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good book for those who want to learn more.
Classic media propaganda hoping to sell their stocks to you at ATH
This market is gonna get nasty imho too 🤢
No, 2023 was the surprisingly good year for stocks. Now that everyone is seeing blue skies it will be surprisingly bad for stocks.
Lol. What do you know….We don’t have bear markets every other year. If you add up covid and 2022 crash, it rivals the great 08 crisis.
Also no…most stocks didn’t do well in 2023. Look at small caps. Been in bear market for 3 years. Mainly big tech thrived which Is small %
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I’m nearly 60.
It’s a good idea to seek advice at the moment, unless you’re an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
I agree, reason I have all my invt-decisions ran through a coach on a daily-basis, it’s been 3years and counting and I’ve grown over $2million in gains, my coach’s-analysis so far has steered me off losses and troubled waters and guided me make the most off major-breakthroughs in the mrkt, and esp. in this downtrend, her safe haven asset- trading, short-selling, ETF shorting skill-set are very essential..
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
This year is a down year except for the magnificent 7.
All BS. If you believe all that, then you will be left holding red in your positions. A recession is already here.
Nio 110 jagx phase 3 dat coming 100x
“Let your winners ride” 🤣🤣
Financials are still vulnerable – NO THANKS. Well, they are (financials) mixed into the S&P 500 Indexes.
My personal Plan for 2024: The S&P 500 Index fully invested and DCA’ing 100% in the same, Bitcoin and Bitcoin Proxy’s – Coinbase and MicroStrategy and of course TESLA! Stocks and Option LEAPS.
First have a pull back.
On JAN 1 2025 THIS GUY will be selling CARS!!!!