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Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game!

Musings on Markets

Going into 2024, investors are clearly in a better mood about what is to come this year, than they were a year ago, but they are pricing in that better mood. In contrast, at the start of 2024, the lifting of fear has led to higher prices, a more upbeat forecast of earnings and an expected return of 8.48% and an equity risk premium of 4.60%.