Last year, experts were pessimistic about 2023, citing concerns like the Ukraine war, potential interest rate hikes, and recession fears. Surprisingly, these grim forecasts have proven incorrect, with the S&P 500 soaring over 19% by Monday. Notably, tech giants like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Nvidia (NVDA) have significantly contributed to this impressive performance.
Looking ahead to 2024, some analysts are optimistic, foreseeing a potential 13% increase in the S&P500.