From “NASDAQ”:

Billionaire investor Warren Buffet’s annual letter to shareholders emphasized market volatility, and how these fluctuations can be good buying opportunities, cautioning against relying on market predictions.

Despite predictions to the contrary, the Dow Jones, S&P 500, and Nasdaq all saw record breaking numbers by the end of 2023. Tech-heavy stocks particularly rose significantly, buoyed by a pivot in Federal Reserve policy.

Investors are concerned about continued gains for tech stocks, which have been on an upswing since the summer, but any risk is mitigated by the improving fundamentals of companies like Nvidia, that continues to see profit forecasts raised.

With the Fed predicting rate cuts and a reduction in inflation to manageable levels, 2024 looks to be a positive year for markets and the economy. Analysts expect earnings growth and a 10% rise in the S&P 500 in 2024, and advise investors to position their portfolios accordingly.



Read more: Weekly Preview: Preparing for the Market’s Next Move in 2024