By many measures, 2023 shocked Wall Street.
Strategists and economists started the year predicting a recession was pretty much a sure thing. Yet the economy has defied those expectations: The consumer proved resilient, the labor market remained robust, and the AI-driven market rally pushed stocks to record highs.
Looking back at the past 12 months, I’ve had the privilege of speaking with a number of CEOs and policymakers, as well as top strategists and economists, about this year’s top trends and their outlooks for 2024 — all in an effort to make sense of, as Federal Reserve Chair Jerome Powell put it, this “unprecedented” environment.
From the media industry to housing to retail, here are a few trends CEOs, economists, and strategists are predicting for 2024.
The housing market pivots
Real estate has had a brutal 2023.
“It’s a tragedy … We pulled the ladder up just as…
