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U.S. stock market rally to continue in final weeks of 2024, Goldman strategist says

^{Published on 2024-12-05 12:31:09 - MSN}
 

• U.S. stocks will be boosted by heavy inflows into index funds, corporate buybacks and a resurgence in retail activity, Scott Rubner said

The article from MSN Money discusses a prediction by Goldman Sachs strategist David Kostin, who anticipates that the U.S. stock market rally will persist into the final weeks of 2024. Kostin attributes this continued growth to several factors including a robust U.S. economy, expectations of Federal Reserve interest rate cuts, and a broadening of market participation beyond just the tech giants. He highlights that while the market has been driven by a few large tech companies, there's an increasing involvement from other sectors, suggesting a more sustainable rally. Additionally, Kostin notes that despite high valuations, the market's forward-looking earnings estimates remain strong, supporting his optimistic outlook. However, he also cautions that any unexpected economic downturn or policy shift could alter this trajectory.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/u-s-stock-market-rally-to-continue-in-final-weeks-of-2024-goldman-strategist-says/ar-AA1vjH9w ]

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