The S&P 500 jumped 24% in 2023, surprising analysts who predicted a decline. Meanwhile, a steady economy and strong corporate earnings continue to lift market expectations.
Despite skepticism, the S&P 500 has surged 23% in 2024, spurred not just by anticipated Fed rate cuts but also by robust economic performance and an ongoing AI boom.
Goldman Sachs recently adjusted their S&P 500 forecast to suggest a climb to 6,000 by year's end, reflecting growing optimism among analysts about market resilience.
Jay Hatfield maintains that a divided government post-U.S. election could encourage a stable regulatory environment, supporting his prediction of the S&P 500 reaching 6,000 this year.
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