Oppenheimer forecasts S&P 500 to reach 5,200 in 2024
12/15/2023 22:17
Much like other Wall Street strategists, Oppenheimer remains bullish on 2024, outlined in the firm's forecast for the S&P 500 (^GSPC) to reach a 5,200-point target by next year’s end. Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus, who is behind this 2024 projection, joins Yahoo Finance Live to discuss the market sectors expected to find growth in 2024 and where the Federal Reserve's interest rate policy may be inspiring opportunities for investors. "It's not a robust economy, but a resilient economy evidenced by business and the consumer with jobs still remaining plentiful even as that jobs number comes down," Stoltzfus says, "And the likelihood that this will bode very well for revenues and earnings, not only for the S&P 500 but likely for other major indices, including mid-caps and even small caps." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Much like other Wall Street strategists, Oppenheimer remains bullish on 2024, outlined in the firm's forecast for the S&P 500 (^GSPC) to reach a 5,200-point target by next year’s end.
Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus, who is behind this 2024 projection, joins Yahoo Finance Live to discuss the market sectors expected to find growth in 2024 and where the Federal Reserve's interest rate policy may be inspiring opportunities for investors.
"It's not a robust economy, but a resilient economy evidenced by business and the consumer with jobs still remaining plentiful even as that jobs number comes down," Stoltzfus says, "And the likelihood that this will bode very well for revenues and earnings, not only for the S&P 500 but likely for other major indices, including mid-caps and even small caps."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.