PPH - 2024 Outlook: A New 'Super Boom'? Or Chop And Churn?
2024-03-13 10:10:00 ET
Summary
- Jeff Hirsch, editor-in-chief of The Stock Trader’s Almanac, and Carter Worth, CEO and founder of Worth Charting, discuss their outlook for 2024 with MoneyShow's Mike Larson.
- Jeff expects a strong year for stocks, with gains of 8-15% broadly speaking. Market cycles, historical patterns, and factors like the presidential election are all pointing toward a positive year.
- Carter is more cautious, expecting a lot of churning and little net progress for the next six to nine months as markets struggle to convincingly eclipse - and hold above - their 2022 highs.
- From an investment standpoint, Jeff likes select ETFs and stocks in the natural gas, copper, and infrastructure groups. Carter prefers contrarian sectors such as healthcare and energy, as well as gold.
By Mike Larson, Editor-in-Chief, MoneyShow
Transcript
[Intro]
Jeff Hirsch is editor in chief of The Stock Trader’s Almanac, as well as the author of the 2011 book Super Boom. In this podcast segment, we talk about where Jeff sees the market going next. Suffice it to say, he remains a bull.
Larson: Jeff, welcome.
Hirsch: Good to be with you, Mike.
Larson: It’s great to catch up with you because we see each other every few months and some of the predictions you’ve made lately in the Almanac and that you and I have talked about have been spot on. So, why don’t you contextualize where we are in the market and where we’ve come from now?
Hirsch: I mean, we've been lucky the last several years. The four-year cycle and the seasonal patterns have been really tracking very closely since Covid. Since 2021, the four-year cycle has been on a T. And here we are into, you know, the election year and it's still tracking....
2024 Outlook: A New 'Super Boom'? Or Chop And Churn?