(Bloomberg) -- US corporate earnings may exceed current forecasts in 2024, powered by a strong economy and falling interest rates, said strategists at Goldman Sachs Group Inc.Most Read from BloombergFAA Orders Temporary Grounding of Some 737 Max Jets After MishapAckman Plans to Check MIT’s Kornbluth, Staff for PlagiarismBoeing 737 Max Blowout Points to Pervasive FlawsBitcoin ETF Issuers Clear Major Hurdle on Path to SEC ApprovalS&P 500 companies’ earnings per share are forecast to rise 5% to $23
This can save tons of money on Amazon, but most Prime members are ignoring it.
Investors’ hopes are running high to start 2024, which could set up U.S. stocks for a rocky stretch if some expectations are not met. For example, the narrative of resilient growth and gradually cooling inflation that helped boost the S&P 500 to a 24% gain last year has become the consensus view among investors. The latest BofA Global Research survey, released last month, showed 66% of fund managers believed the economy will achieve a soft landing in 2024.
