Friday, December 29, 2023

How will 2024 work out

A year ago, I prognosticated a moderate increase in the market. I was far too pessimistic compared to what actually happened.  

My predictions for December 31, 2023:

Dow Jones           36000
S and P                4500
NASDAQ           10800
Unemployed         5%
Microsoft             300
Texas Crude Oil    90
CPI                       5%

Here are the end of year numbers for 2023:

Dow Jones           37690
S and P                4770
NASDAQ           15011
Unemployed         3.7%
Microsoft             376
Texas Crude Oil    71.32
CPI                       3.1%

Here are my predictions for the end of year 2024:

Dow Jones           40000
S and P                4850
NASDAQ           17800
Unemployed         5%
Microsoft             400
Texas Crude Oil    90
CPI                       3%
Recommendation: Small cap mutual funds 

In 2024 the Eagles will get killed off in the playoffs, Biden will be re-elected, the media will tire of AI but reference librarians will be nervous about their jobs. Russia will sign a treaty giving them Crimea and some land in eastern Ukraine, but NATO type troops will sit at the hard border guaranteeing most of that country relative security. 

No comments:

Post a Comment