Why these strategists see the S&P 500 falling all the way down to 3,100 in 2024

The S&P 500 SPX will soon wrap its best month in more than a year. Even the limp to the finish to November that seems to be playing out won’t move the needle on that.

One particularly frustrating aspect of 2023 for investors has been waiting for a recession that never came, as many Wall Street banks also bet on that happening. BCA Research, who provides our call of the day also expected a pullback, and say that is now inevitable for 2024, possibly crushing stocks by 27% from current levels.

“We…

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