Stock Market Prediction: New Highs This Week as $85 Billion Buys 2024

The article discusses the bullish outlook for the stock market, with predictions of new highs being reached this week. It highlights the massive $85 billion in stock purchases by investors for the year 2024, indicating strong confidence in the market’s future performance. Key points include: 1) The S&P 500 is expected to surpass its previous record high, driven by robust corporate earnings and economic growth. 2) Investors are pouring money into stocks for the year 2024, with $85 billion in purchases, suggesting anticipation of continued market strength. 3) The article cites factors such as low unemployment, strong consumer spending, and the Federal Reserve’s accommodative monetary policy as supporting the bullish sentiment. 4) However, risks such as geopolitical tensions and potential interest rate hikes are also mentioned as potential headwinds for the market.

Source: https://markets.businessinsider.com/news/stocks/stock-market-prediction-new-highs-this-week-85-billion-buys-2024-8