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Top market forecasts of 2024, predictions for 2025: Oracles of Wall St

Dec 18, 2024 - businessinsider.com
The article discusses the continuation of market trends from 2023 into 2024, highlighting significant developments and predictions from Business Insider's 2024 Oracles of Wall Street list. The S&P 500 has seen substantial gains, driven by factors like rate cuts, AI investments, and economic stability, with strategists like Jeff DeGraaf, Mary Ann Bartels, and Tyler Richey accurately predicting its rise. The piece also covers the "Roaring '20s" economic outlook, with Jason Draho forecasting strong growth, and the unexpected 50 basis-point rate cut, with economists like Michael Feroli and Neil Dutta maintaining their predictions despite market skepticism.

Additionally, the article touches on other market movements, such as the small-cap stock rally foreseen by Jonathan Golub, Nvidia's continued success as predicted by Matthew Ramsay, and the surge in gold prices anticipated by George Milling-Stanley. These experts' insights reflect a mix of bullish and cautious outlooks for 2025, with expectations of continued growth in the S&P 500, potential challenges for the bull market, and sustained demand for assets like gold amid economic and geopolitical uncertainties.

Key takeaways:

  • The S&P 500 experienced significant gains in 2024, driven by factors such as rate cuts, AI investments, and economic stability, with predictions for continued growth in 2025.
  • Economists and strategists made accurate predictions about market trends, including the timing of rate cuts and the performance of small-cap stocks and Nvidia.
  • The US economy is experiencing a "Roaring '20s" era, with strong growth fueled by fiscal and monetary stimulus and AI advancements.
  • Gold prices surged in 2024 due to economic uncertainty, rate cuts, and increased central bank purchases, with expectations for continued demand in 2025.
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