PILL - Taking Stock: Q2 2024 Equity Market Outlook
2024-03-22 11:15:00 ET
Summary
- A positive January for U.S. stocks is typically a prelude to a positive year, with our analysis finding the correlation to hold 80% of the time since 1928.
- Stocks look well-positioned to outperform bonds and cash again this year, but high valuations mean investors need to be choosy.
- Overall, we place measured emphasis on the short-term political landscape in shaping our portfolios for long-term performance.
By Tony DeSpirito
Key takeaways
Actively bullish. What next for stocks after a strong start to 2024? While a near-term pullback wouldn’t be surprising, we see fuel for the positive momentum to continue throughout the year ? but with selection growing more important. As Q2 begins, we see:
- A relatively market-mild election season
- Stock-specific ways to maximize mega forces
- A growing opportunity set for GenAI investment