3 Reasons Why 2024 Will Be a Great Year for Stocks

With the U.S. economy expanding and the Fed gearing up for further support, 2024 appears promising for stocks.Only an inflation acceleration that would force the Fed to start raising rates again can stop the economy and stocks now. But for multiple reasons, I don’t expect that scenario to unfold. The Economic Expansion Is Accelerating Last month, retail sales climbed an impressive 0.3% versus October on a seasonally adjusted basis. That represented a major jump from the 0.2% month-over-month retail sales decline reported for October, compared with September. U.S employment data came back strong in November, after the economy added…