Reported about 7 hours ago
The S&P 500's bull market, which began two years ago, shows resilience fueled by AI advancements and a strong US economy, with strategists forecasting further gains. Despite high valuations raising concerns, analysts believe sustained earnings growth and a favorable economic climate, bolstered by upcoming Federal Reserve rate cuts, will keep the rally going. With expected earnings growth of nearly 10% in 2024 and 15% in 2025, the focus is shifting to companies benefiting from AI advancements beyond tech stocks.
Source: YAHOO