S&P 500 forecast 2024: Experts expect an almost old all-time high, then a double-digit crash. Read the exact forecast here!

S&P 500 forecast 2024: Experts expect an almost old all-time high, then a double-digit crash. Read the exact forecast here!

According to a report by www.boerse-online.de,
One expert predicts that the S&P 500 will almost reach its old all-time high next year, but then plunge into double digits. He also gives a specific time when it will happen. This could represent a unique opportunity for investors to time their investments. According to a new statement from Société Générale, investors should prepare for a volatile 2024. In the first quarter of the year, the S&P 500 is expected to rise to 4,750 points, significantly close to its all-time high of 4,796 points from January 2022. However, a decline of twelve percent to 4,200 points is expected in mid-2024 as the USA enters a slight recession. However, things are expected to pick up again after that, as the Fed then begins to cut interest rates and the S&P 500 is expected to rise again to 4,750 points in the fourth quarter of 2024. According to Manish Kabra, head of US equity strategy, the Fed will cut interest rates by 150 basis points by the end of the year, GDP growth will decline and there will be clarity on the political election cycle. Leading earnings indicators are expected to continue to improve and the path to year-end is expected to be anything but smooth, with a mild recession expected mid-year, a credit market sell-off in the second quarter and continued quantitative tightening.