Wall Street predicts steady growth for US stocks through the end of 2024.
Morgan Stanley's S&P 500 Forecast
Mike Wilson, head of US equities at Morgan Stanley, forecasts that the S&P 500 index will reach new all-time highs by the end of this year. He noted, "We have entered a period of FOMO. People need to perform in the next two months. A post-election surge could occur."
JPMorgan Chase's Market Growth Outlook
Andrew Tyler, head of US market intelligence at JPMorgan Chase, predicts market gains will surpass those after Donald Trump's initial win, stating, "I expect 2024 returns to exceed those of 2016."
Key Takeaways and Growth Potential
The collective outlook from major banks indicates an optimistic trend for the US stock market in 2024, although caution is warranted regarding potential financial uncertainties that may arise.
Forecasts from major financial institutions suggest confident growth for the US stock market despite possible economic challenges.
