S&P 500’s 2024 Rally Shocked Forecasters

What You Need To Know

• Pessimistic equity strategists have continued to be caught off guard by the market’s twists and turns.
• While the S&P 500 slid from mid-July through early August, it soon resumed its march higher as worries about tech earnings faded.
• None of the 19 strategists tracked by Bloomberg expects the index to decline next year.