Skip to content

4 Predictions for Stocks and the Economy for the Second Half of 2024

4 Predictions for Stocks and the Economy for the Second Half of 2024
Strategists say stocks can keep climbing, but warn that risks to the market outlook are building.

Table of Contents

The first half of 2024 saw a significant rise in the Morningstar US Market Index, with a 14% gain fueled by strong earnings and a resilient economy. Analysts predict that equities will continue to climb, but warn of risks due to elevated valuations and a rally concentrated in a few names. Some strategists recommend diversifying investments beyond mega-cap tech stocks. While economic growth is expected to cool, a recession is unlikely. Analysts anticipate one or two interest rate cuts from the Federal Reserve, with the first expected in September or December. The Fed's monetary policy will depend on the economy's performance.

Source

Latest