Mixed Outlook for Corporate Profits and Stock Market

JPMorgan Chase strategist suggests corporate profits may not rebound as expected in 2024, while Citigroup strategist expects profits to hold up even in a recession. Barclays projects a gentle slowdown in the global economy in 2024, with stocks more attractive than bonds. Top strategists on Wall Street anticipate a moderate stock market recovery but remain below historic highs next year. Goldman Sachs publishes its 2024 year ahead US stock market outlook, forecasting the S&P to end 2024 at 4,700, representing a 5% price gain.