2024 Stock Market Rally: Powerful Data Suggests Profits Ahead

Long-time readers will know that I’ve had a bullish 2024 outlook on the stock market for a while. But now it suddenly seems like everyone thinks stocks will rally this year. The Bank of Montreal thinks stocks will rise about 10% this year. Fundstrat anticipates stocks climbing about 10%, too, while Capital Economics sees stocks rising 20%. Bank of America, Yardeni Research, Royal Bank of Canada, Deutsche Bank, Goldman Sachs, Barclays, and Societe Generale also all have a bullish outlook for stocks in 2024. That actually worries me. I’ve found that in stock market analysis, when everyone agrees on something, the opposite tends to…