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- 2023 was the year of the unexpected for financial markets and the US economy.
- Some economists, strategists, analysts, and money managers forecasted the outcomes in impressive fashion.
- They’ve earned spots on our 2023 Oracles of Wall Street list.
A widely anticipated recession never came in 2024. Regional banks failed, seemingly out of nowhere. The S&P 500 has so far rallied an impressive 23%, beating almost all forecasts following a 20% rout in 2022. The Dow hit a record high. And home prices remained resilient in the face of rising mortgage rates.
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