A chief market strategist whose fund is up 144% since its inception shares the category of stocks investors should bet on for 2024, and his top 10 picks

• Inflation and interest rates are falling, and the labor market remains strong, says Neil Hennessy.
• In the next 12 to 18 months, he predicts that the Dow will approach and potentially surpass 38,000.
• In 2024, he expects mid-cap value stocks will be the rally’s beneficiaries.

We’re closing out 2023 with the S&P 500 up by almost 25% so far, the tech-heavy Nasdaq by 41%, and the Dow by over 11%. It was not a bad run, considering economists and investors alike started the year off with muted expectations and even pacing for a recession.