Will the Stock Market Crash in 2024?
Investors are getting ready to wrap up a winning year on the stock market. Through Nov. 17, the S&P 500 (SNPINDEX: ^GSPC) is up 18%, well ahead of the 10% average price gain for the broad-market index. That increase has come despite interest rate hikes from the Federal Reserve, persistent inflation, and geopolitical tensions, showing how unpredictable the stock market can be.
Looking ahead to next year, it's only natural to ask what's in store for the stock market in 2024. That's especially true as investors still face many of the same macroeconomic concerns that have hovered over their heads throughout this year.
Interest rates remain elevated, which has squeezed the housing market, business investment, and consumer spending. Fed Chair Jerome Powell has signaled they will remain elevated until inflation approaches 2%, and some economists are still forecasting a recession next year.
Source Fool.com
