S&P 500 Eyes 10% Rally by 2024, Leuthold Predicts

Leuthold Group's analysis of historical data suggests that the S&P 500 could potentially rally another 10% by the end of 2024, based on previous bull-market rallies during low unemployment and mature economic cycles.
With the S&P 500 currently trading close to record levels, fueled by expectations of potential interest rate cuts by the Federal Reserve, investors are optimistic about further gains in stocks.
Positive factors such as a receding risk of recession, strong earnings reports, and a risk-on rotation in S&P sectors are contributing to the bullish sentiment in the market, with potential for a rebound in stocks if inflation pressures continue to ease.