2024 should be a decisive year for the S&P 500. Economists at Société Générale analyze the index outlook for the next year.
S&P 500 Index seen at 4,750 by end-2024
The S&P 500 should be in ‘buy-the-dip’ territory, as leading indicators for profits continue to improve. Yet, the journey to the end of the year should be far from smooth, as we expect a mild recession in the middle of the year, a credit market sell-off in 2Q and ongoing quantitative tightening.
The S&P 500 should provide positive returns in 2024 and we keep our end-2024 target that we launched last quarter unchanged at 4,750.
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