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
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 %
2023 was great for 7 big stocks… rest of market was ok.
This year is a down year except for the magnificent 7.
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!!!!
Vets fought for freedom and to oppress others in their land…..chicken always come home to roost.
Thanks Sam that an interesting perspective and some great information that is very relevant ,Im hoping 2024 can be a very prosperous election year like most have been..
So wrong, US debt, stocks, real estate, bonds , Red Sea….lots of grenades in a canoe.
Giving me Jim Cramer vibes
Sam the man.
I plan to get into the fin market putting a portion of my income monthly, I believe consistent and steady growth would have me rewarded in some time, I wonder though if there’re smart ways to go about investing, picking and selecting stocks? I’ve recently tried but have been met with red on my portfolio, I’m open to options
I think you should become more passionate about investing, if you don’t become lifelong learner you won’t make profit.
Everyone has means and unique ways of operation, the point is ensuring you’re profitable, I’ve seen my $170k startup surpass a million and its been only eighteen months having an FA guide me on my investments. It’s a necessity going about the fin market if you want to be profitable nothing can match professionalism and experience.
Being heavily liquid, I’d rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.