We concluded writing our annual forecasts. They can be found here: 2024 forecasts. In this article, we include our top 10 market forecasts for 2024, we link to those articles and include a top quote (mostly a summary) of each forecast.
#1. Don’t believe the ‘higher for longer’ narrative
Investor Wisdom: Be Very Careful With Consensus As Illustrated By The ‘Higher Rates’ Narrative
Consensus hardly ever works out well. Consensus trades hardly ever are profitable. Wise lessons to learn from the ‘higher rates’ narrative.
Rising Rates – How Concerning Is It For Investors In 2024
The consensus belief is that rates will continue to rise in 2024, making markets vulnerable for more downside. We are not convinced it will be that bad.
#2. With falling Yields, silver should be a top beneficiary
A Silver Price Forecast For 2024
The price of silver will move to our first bullish target in 2024 which is $34.70. We predict $48 to be hit either by mid-2024 or mid-2025.
#3. The perma-bears are singing the ‘market crash’ song for years, they will be wrong again in 2024
A Stock Market Crash In 2024? Here Is A Surprising Answer.
Investors tend to be excited when they should be fearful. There is no secular turning point in 2024 for markets. No stock market crash in 2024 but potentially a strong pullback after exceeding ATH.
#4. The perma-recession guys will continue to be wrong in 2024
Will The Widely Expected Recession Finally Hit Markets In 2024?
The widely expected recession will not hit markets in 2024 because the recession is almost over. It was a rolling recession which is why sector rotation was so unusually intense in recent years.
#5. Expect new highs in the Nasdaq in 2024
When Will The Nasdaq Hit All-Time Highs: In 2023 or 2024?
Will the Nasdaq hit all-time highs? The answer is YES, most likely on one or some of these dates: December 2023, February 2024, April 2024.
We watch AI & Robotics Stocks, especially January 5th, 2024, as it’s a top tech sector to watch in 2024.
#6. The Dow Jones will get complete its RISK OFF cycle
Dow Jones Long Term Chart On 20 Years
The Dow Jones long term chart on 20 years suggests that a 24-month risk-off period is near completion which bodes well for 2024.
#7. 2024 might be THE year for uranium stocks
Which Energy Stocks To Buy In 2024: Crude Oil vs. Uranium?
Energy stocks in 2024: buy crude oil stocks or buy uranium’s bold breakout? Chart insights guide the answer “which energy stocks to buy.”
After Spot Uranium Breakout Confirmed A Bullish Turning Point, it did not stage a secular breakout, not yet, it might happen soon.
#8. Bitcoin will print new highs, XRP will outperform
A Bitcoin Price Forecast For 2024
We forecast that Bitcoin will exceed $60,000 USD in 2024, testing the area $66,000 to $69,000.
#9. Top crypto tokens include XRP, but there are even more profitable ones out there
The price of XRP will test all-time highs in 2024. We forecast that the XRP will move towards 3 USD in 2024, it might even exceed 3 USD.
We see XRP going to 10 USD, not in 2024, but over time.
Please read 5 Cryptocurrency Predictions for 2024: Charting the Future of Digital Assets
#10. Our passive income service will grow 50% in 2024
In this article Passive Income Is Now Made Accessible To Investors we explained that we now offer a passive income service which aims to realize compound portfolio growth.
We forecast that our portfolio will grow 40 to 50 percent in 2024, setting the stage for compound portfolio growth and 10x portfolio growth in 7 years from now.
