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Stock market expertise: What's next for the markets after the November rally? Outlook and forecasts for 2024
According to a report from www.dpn-online.com, November was cloudy and wet weather-wise, but there was bright sunshine on the stock market. The DAX rose by 9.5 percent, the Euro Stoxx 50 by almost 8 percent, the S&P 500 by 9.1 percent and the Nasdaq 100 even by almost 11 percent. The prospect of interest rate cuts soon gave stock market investors new hope. The question remains: Was this already the year-end rally or is it yet to come? Institutional investors in particular want to invest in the long term and expect positive developments on the market. In addition to the expectation of interest rate cuts in the coming year, there are also the prospects of lower bond yields, a...
Stock market expertise: What's next for the markets after the November rally? Outlook and forecasts for 2024
According to a report by www.dpn-online.com,
November was cloudy and wet weather-wise, but there was bright sunshine on the stock market. The DAX rose by 9.5 percent, the Euro Stoxx 50 by almost 8 percent, the S&P 500 by 9.1 percent and the Nasdaq 100 even by almost 11 percent. The prospect of interest rate cuts soon gave stock market investors new hope.
The question remains: Was this already the year-end rally or is it yet to come? Institutional investors in particular want to invest in the long term and expect positive developments on the market. In addition to expectations of interest rate cuts next year, the prospect of lower bond yields, above-consensus economic growth in the US and an end to the earnings recession there have also fueled the recent rally. The decline in oil prices and the VIX volatility index to its lowest level since January 2020 have made the environment for stocks even more attractive.
If the Fed has actually ended the interest rate hike cycle with the interest rate pause, that could be good for the US stock markets. However, current evidence shows that increased greed and high market engagement precede turning points in the markets. Analysts are therefore warning of a possible correction. From the analyst's point of view, a pullback scenario is actually healthy and does not mean that the market does not have the legs to go higher.
Deutsche Bank is bullish for the stock markets in 2024 and considers returns in the mid to high single-digit percentage range to be realistic. There are also positive prospects for European value stocks, particularly in the financial sector, as well as for Japanese stocks and tech stocks from the USA. Despite the recent rally, it is advised not to get out of tech stocks as they are not leveraged and are a self-fulfilling prophecy.
The current situation on the stock market reflects a certain degree of uncertainty and hope, which results from a wide variety of factors. Although a correction is possible, long-term investors could still expect long-term positive developments.
Read the source article at www.dpn-online.com