From Yahoo Finance: 2024-06-23 20:00:00

The S&P 500 Index has likely peaked for the year, with investors nervous about high valuations. The bull market has driven the index to 31 record highs, with tech shares leading the way, resulting in overpriced assets. Despite concerns, investors aren’t selling yet, but many expect a correction of at least 10% this year. Economic growth and ample liquidity may provide modest gains, though caution is rising. AI is a potential trigger for a selloff, with worries about inflation and unemployment. A potential recession looms, but oil prices and bargain value stocks offer hope for a market move higher by year-end.



Read more at Yahoo Finance: Stocks Face Meager Upside After 2024 Gains, Survey Shows