CitiGroup forecasts higher S&P 500 in 2024: says to brace for Increased volatility & BTD

<p>Citgroup have forecast higher for the S&amp;P 500 in 2024 in their Outlook Report.</p><p>Analysts at the bank have set a base case projection at 5100 by the end of next year. Citing:</p><ul><li>"a broadening beyond 2023’s Growth leadership is necessary for further S&amp;P 500 gains" </li><li>"on improving earnings growth, even as recession risk lingers" (see EPS rising to 10.4%)</li><li>expecting increased volatility but "investors should be prepared to buy into pullbacks"</li></ul><p>Further ahead:</p><ul><li>"Our concern is that fiscal restraint enters the 2025 picture either via higher tax proposals or lower spending as debt ceiling issues resurface"</li></ul><p>Info comes via <a href="https://www.cnbc.com/2023/12/11/citi-sees-a-big-year-for-stocks-in-2024-with-sp-500-finishing-at-5100.html" target="_blank" rel="nofollow">CNBC (gated)</a>.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.