This year it might make sense to avoid mirrors.
With few exceptions, Barron's Roundtable members expect the stock market to disappoint in 2024, with the index delivering full-year returns of minus 5% to plus 5%. No, they don't see a ruinous recession, and yes, they expect the Federal Reserve to cut interest rates at some point during the year. Their main concern is that stocks are overvalued, leaving little room for error.
Those with a more positive view point to massive capital investments across the economy that hold the promise of new things Technologies such as artificial intelligence, and investors' incipient affection for the less-than-great 493. Bullish or bearish, these 11 money managers and market insiders battled it out Jan. 8 in New York at a daylong gabfest hosted by Barron's. They also shared their best investment bets for the new year.
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