Stocks to boom or bust in 2024?
BofA says boom. Flat Mag. 7&flatP/Efor“S&P493” gets us to 5100 We forecast an all-time high for the S&P 500 in 2024, with a year-end target of 5000. But unlike this year during which the Magnificent 7 did 70% of the work, we expect broader leadership. Can the S&P 500 rally without the Magnificent 7 leading