Why we expect the S&P 500 to soar in 2024

Our 2024 S&P 500 forecasts are at the bullish end of the market and this new analysis explains why we think the index could see another year of strong gains. We look at the fundamental and speculative drivers of US equities to provide a clear counterargument to those anticipating a tougher year for the index, showing:

• How EPS look reasonably bright against the US macro backdrop;

• Why P/E ratios have room to grow on the back of AI hype;

• Why, even if a bubble may be forming, it’s unlikely to burst until end-2025.