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6 Market Predictions for 2024, #183

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Manage episode 394440734 series 2749036
Content provided by Ryan R Morrissey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan R Morrissey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Now that 2023 is officially in the history books, let’s review my 2023 market predictions to see how close I got! On this episode, we’ll be reviewing last year’s market predictions as well as making new ones for the year ahead.

You will want to hear this episode if you are interested in...
  • Reviewing Ryan’s 2023 market predictions [2:38]
  • Looking ahead to 2024 [11:43]
Looking back at 2023

In 2023, I made a set of market predictions that turned out to be a mix of spot-on calls and a couple of surprises. The S&P 500, despite a shaky start, rallied close to 25% by year-end, proving my forecast of a 28% increase nearly accurate. Growth stocks once again outperformed value stocks, showcasing a long standing trend. The Russell 1000 Growth Index, led by tech giants like NVIDIA, Microsoft, and Amazon, soared by 43%, while its value counterpart only managed an 11.42% return, emphasizing the significance of growth stocks in the market.

However, not all my predictions hit the mark perfectly. Small-cap stocks were anticipated to outshine large-cap ones, but while the S&P 500 surged, the Russell 2000's late-year rally still fell short of my expectations. On the other hand, Bitcoin's unprecedented surge, earning a staggering 154% compared to gold's 13% gain, validated my projection of Bitcoin outperforming gold. Finally, foreseeing the Federal Reserve's rates finishing around 5.25% by the end of 2023 proved accurate, aligning with the prevailing economic climate. Nonetheless, amidst these forecasts, the underlying advice remained clear: diversification is key in navigating the unpredictability of the market.

Listen to this episode for my 2024 predictions!

Resources Mentioned Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 394440734 series 2749036
Content provided by Ryan R Morrissey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan R Morrissey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Now that 2023 is officially in the history books, let’s review my 2023 market predictions to see how close I got! On this episode, we’ll be reviewing last year’s market predictions as well as making new ones for the year ahead.

You will want to hear this episode if you are interested in...
  • Reviewing Ryan’s 2023 market predictions [2:38]
  • Looking ahead to 2024 [11:43]
Looking back at 2023

In 2023, I made a set of market predictions that turned out to be a mix of spot-on calls and a couple of surprises. The S&P 500, despite a shaky start, rallied close to 25% by year-end, proving my forecast of a 28% increase nearly accurate. Growth stocks once again outperformed value stocks, showcasing a long standing trend. The Russell 1000 Growth Index, led by tech giants like NVIDIA, Microsoft, and Amazon, soared by 43%, while its value counterpart only managed an 11.42% return, emphasizing the significance of growth stocks in the market.

However, not all my predictions hit the mark perfectly. Small-cap stocks were anticipated to outshine large-cap ones, but while the S&P 500 surged, the Russell 2000's late-year rally still fell short of my expectations. On the other hand, Bitcoin's unprecedented surge, earning a staggering 154% compared to gold's 13% gain, validated my projection of Bitcoin outperforming gold. Finally, foreseeing the Federal Reserve's rates finishing around 5.25% by the end of 2023 proved accurate, aligning with the prevailing economic climate. Nonetheless, amidst these forecasts, the underlying advice remained clear: diversification is key in navigating the unpredictability of the market.

Listen to this episode for my 2024 predictions!

Resources Mentioned Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

  continue reading

100 episodes

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