SA Sentiment Survey: Most investors see S&P 500 finishing 2024 higher than current levels
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 24 2024
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Source: SeekingAlpha
S&P 500 Year-End Projections: Investors in Seeking Alpha's August Sentiment Survey predict the S&P 500 will close higher at the end of 2024, with 41.1% forecasting it to reach 5,800, indicating a 2.9% increase from its current level of 5,634.61.
Market Volatility and Fed Rate Cuts: The S&P 500 has gained 1.4% for the week following Federal Reserve Chair Jerome Powell's announcement of potential interest rate cuts, amidst concerns about market volatility due to upcoming economic data and the November U.S. presidential election.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
