The 2024 S&P 500 outlook is concerning, with stagnant earnings amid weak GDP growth.
Earnings estimates for #sp500 $spx in 2024 have been flat and have not improved. The entire rally has been based on multiple expansion. Earnings typically trend with inflation expectations. It's not a better fundamental outlook. In fact, GDPNow sees 1.3% real growth in 4Q and… pic.twitter.com/oMAYwROXpC — Michael J. Kramer (@MichaelMOTTCM) December 7, 2023 The …