Market Outlook: What's in Store for 2024?
On Investing
Market Outlook for 2024
A summary of the market outlook for 2024, including discussion on rolling recessions and recoveries, potential rate cuts by the Fed, the importance of earnings supporting market growth, and the impact of short-term volatility. Fixed income outlook is also covered, highlighting challenges in forecasting due to market volatility, expectations of lower yields, caution for investors due to market volatility and uncertainty about the Fed's reaction, factors driving lower yields, and forecast of rate cuts by the Fed.
After a tumultuous year for the markets, what's in store for 2024? In this year-end episode, Schwab experts look ahead to consider what investors might expect from the markets in the new year.
First, Liz Ann Sonders, Schwab's chief investment strategist, speaks with senior investment strategist Kevin Gordon. Liz Ann offers her perspective on the direction of the U.S. economy and stock market. She and Kevin discuss inflation, interest rates, company earnings, and the job market, among other topics.
Next, Kathy Jones, Schwab's chief fixed income strategist interviews her colleagues Collin Martin and Cooper Howard. Kathy looks at what bond investors might expect from the Federal Reserve and fixed income assets in the new year. She and fixed income strategist Collin Martin recap the year in the corporate bond market and look ahead for what's next in bond investments in 2024. Kathy also discusses the muni bond market with fixed income strategist Cooper Howard.
Then, Jeffrey Kleintop—Schwab's chief global investment strategist—joins Liz Ann on the show and examines what 2024 might hold for the global economy and markets.
Finally, Mike Townsend, Schwab's managing director of legislative and regulatory affairs, offers his outlook on what to expect from a possible government shutdown, a busy regulatory environment, and the 2024 election.
On Investing is an original podcast from Charles Schwab. For more on the show, visit Schwab.com/OnInvesting.
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The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.
Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.
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Investing involves risk, including loss of principal.
Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.
Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.
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Small cap investments are subject to greater volatility than those in other asset categories.
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Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.
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Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.
The Global Manufacturing Purchasing Managers Index (PMI) is a survey-based indicator of the economic health of the global manufacturing sector. The PMI index includes the major indicators of: new orders, inventory levels, production, supplier deliveries and the employment environment.
The Employment component of the Eurozone Manufacturing Purchasing Managers Index (PMI) measures the conditions surrounding the cost of employment business expenses experienced by surveyed business leaders in the Eurozone.
The Input Prices component of the Eurozone Composite Purchasing Managers Index (PMI) measures the conditions surrounding the prices of raw materials and other business expenses experienced by surveyed business leaders in the Eurozone.
The MSCI EAFE Equal Weighted Index includes the same constituents as the MSCI EAFE Index (large and mid-cap securities from Developed Markets countries around the world excluding the US and Canada), with an alternative weighting scheme where at each quarterly rebalance date, all index constituents are weighted equally.
The S&P 500 Equal Weighted Index includes the same constituents as its parent index, the S&P 500, with each index constituent represented equally.
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