Opinion
Ian Guider: Investors bet on the roaring ‘20s starting next year
Financial markets have wagered the house on a presumption that the risks and issues which made the last few years problematic will end
When strategists from Goldman Sachs released their 2024 forecasts at the start of November, they came up with a reasonably bright outlook. They predicted the S&P 500, the broader gauge of the health of the US stock market, would hit 4,700 by the end of 2024, a high single-digit gain on where it was then trading. The analysts were proven wrong and fairly quickly. The S&P 500 smashed through 4,700 by the middle of December, ...