U.S. stocks and bonds are heading into the new year with plenty of tailwinds that could broaden the rally, though risks to the downside remain.
"2024 is when we expect to see a meaningful broadening of stock market participation, as it's not healthy to have such a small number of heavily owned stocks drive overall market performance," said Michael Landsberg, chief investment officer of Landsberg Bennett Private Wealth Management.
The year 2023 started on the negative side for stocks, thanks to several headwinds like rising interest rates, the raging of the Ukraine war, and the growing tensions between the U.S and China.
