Uncertainty reigns as investors are looking for guidance, some good stocks to buy, and to understand what factors really do drive the stock market. There are perils for equities buyers as prices shift according to political events and with the US inching towards a FED-induced recession. Yet, the 2024 stock market looks very inviting, and a good time to pick some healthy stocks.
Before you make a gamble, make sure you’re up on the macro picture. We’ve got some great insight for you on this post and you can review the best stock picks afterward.
Some stocks below have offered exponential price growth. Good luck finding the next rocketing stock. However, is this dip in the market for September/October/November the ultimate time to move your money market funds into the stock market, or should you wait till next spring? It likely is soon. It’s darkest before the light. And most investors hate to miss those price dips. Check out the top stock investing websites to find a provider with powerful analytical tools to help you evaluate, pick and buy stocks with a big upside.
Yesterday, Mike Wilson of Morgan Stanley reiterated that large parts of the stock market are breaking down and even Google, Apple, Facebook, Tesla, and Amazon will feel big pain if a recession does take hold. It’s apparent that if the FED doesn’t lower the FED rate, we’re going to get hit in the next 6 months with a downturn. Of course, investors look to the future with optimism. Smart investors are looking to buy the dip, and pick stocks that will roar back in 2024 and 2025. FOMO will definitely be an investment trend. Despite what Tom Lee of Fundstrat predicts for the S&P forecast for Q4, indicators right now are pointing down, possibly, we might see 4,000 for the S&P. Chief economist Jan Hatzius of Goldman Sachs lowered their prediction of a recession to 15% over the next 12 months, down from 20% the previous month.
Strategists at Bank of America said they no longer forecast a 2024 recession for the U.S. JP Morgan changed their 3rd quarter GDP growth estimate to 2.5%, well up from their earlier prediction of .5%. Gary Shilling, CEO of A Gary Shilling said there aren’t any big catalysts for a market crash or recession. However, he points out that of the 12 times this situation existed, we got a recession 11 times. They might be reviewing their forecasts right now. This week the rally faltered as the government shutdown looms. Notice the head and shoulders technical chart signal (predicts a bullish-to-bearish trend reversal).