Citi expects S&P 500 to new heights in 2024 ...Middle East

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Citi expects S&P 500 to new heights in 2024
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Citi expects the S&P 500 to make new highs in 2024:earnings growth is expected to broadenS&P 500 companies reporting positive year-over-year earnings growth is expected to increasefewer stocks likely to experience significant EPS declines compared to both 2023 and the 5-year average pre-pandemic “We continue to focus on the earnings resilience thesis despite lingering concerns about the economic outlook, which have been more acute of late given some softness in consumer-related reports and commentary” “the bottom falling out of S&P 500 EPS is a tail risk. A more resilient fundamental backdrop should support a higher equity floor even if sentiment and multiples sour” Macroeconomic concerns

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