Wall Street strategists are issuing forecasts for the performance of the stock market in 2024.
Pay them no mind.
The predictions are usually wrong, and when they’re right it’s only by accident.
Consider their prophecies for 2023. At the end of 2022, strategists predicted that the S&P 500 would end 2023 at 4,078, a gain of 6.2 percent from where it started, according to data from Bloomberg.
At the moment, the market is above 4,700, a gain of more than 22 percent. These forecasts were so deeply off the mark undoubtedly because 2022 was a truly terrible year for stocks — and also one
https://finance.yahoo.com/news/stocks-closed-2023-near-record-highs-heres-what-wall-street-thinks-is-coming-in-2024-124134109.html
