Can Stocks Surpass 2022 Highs? Yes, but the Math Looks Scarier From There

How will stocks perform in 2024? The only honest answer to the obvious New Year’s question is that we don’t know, but we can have some idea how they might fare over the coming decade.

The stock market last year recouped almost all the losses it made in 2022. This makes sense: A strong U.S. economy dispelled recession fears and inflation turned out to be mostly transitory after all. But the result is that nothing in the market looks cheap right now.