S&P 500’s 2024 rally shocked forecasters expecting it to fizzle

December 30, 2024

Wall Street strategists were surprised by the S&P 500’s continued rally, soaring to a 23% gain in 2024, contrary to modest expectations. Forecasters revised their targets upward, driven by strong economic expansion, AI advancements, and Trump’s tax promises. Few expect the rally to end in 2025.

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