Reported 6 months ago
According to a Reuters poll of stock analysts, the global equity bull run is showing signs of fatigue, with most major stock indexes not expected to repeat last year's stellar performance. Analysts believe a near-term correction is unlikely, as financial markets are scaling back 2024 rate cut expectations and stock indexes are already trading close to lifetime highs. Despite this, a strong global economy, ongoing tech stock boom, and solid corporate profit fundamentals are likely to prevent any major drop in stock prices in the near future. Most analysts do not foresee a correction of 10% or more over the next three months, with expectations for muted equity returns in 2024. The S&P 500 is forecasted to end the year near current levels, while Japan's NIKKEI index is expected to gain another 5%. European and British stocks are predicted to have little headway or slight declines by year-end, with India's benchmark BSE index leading its peers with a gain of over 8% for the remainder of the year.
Source: YAHOO