Double-Digit Gains in 2024? The Odds Are Almost Too Good to Believe

by Andrew Zatlin

You’ve heard me refer to 2024 as “The Year of the Bull.”

For investors like us, that means double-digit returns in the stock market.

Still skeptical?

Here are three reasons I’m convinced it’ll happen.

For a transcript of this video, see below. This transcript has been lightly edited for length and clarity.

Double-Digit Gains in 2024? The Odds Are Almost Too Good to Believe

Double-digit returns. Sounds nice, doesn’t it?

Well, if you invest in the stock market this year, I’m convinced it’ll happen — and I’ve got three reasons why:

  1. 2024 is an election year. And as I’ll reveal, that almost always equates to a booming market.
  2. We’re seeing economic fundamentals improve. That’s critical.
  3. And lastly, we’ll benefit from multiple rate cuts throughout the year.

These major factors will translate to a rising market. And I’m going to focus on each one throughout the year.

But let’s start with a deep dive of the first reason I’m so convinced the market is set to pop…

It’s Time to Vote!

There’s talk amongst finance folks that when there’s a Presidential election, the stock market goes up. Is that true? You bet.

Here’s a look at the stock market’s performance during election years going back almost 100 years:

In the 24 election years since 1928, the stock market delivered gains in 20 of them — more than 80% of the time. That’s statistically significant.

Why are election years so fruitful for stock-market investors?

A Case of Senioritis

During an election year, the sitting President is reaching the end of his term.

Typically, he’s not announcing new agendas or trying to push new legislation. He’s simply running out the clock and trying to play nice. And this leisurely approach to governing is what Wall Street likes to see — it’s predictable.

And it’s not just the White House that’s taking it easy. So are members of Congress. These guys are usually up for re-election, and they don’t want to spend time pushing controversial agendas or being perceived as a roadblock to anything productive.

Then there’s the focus of money during election years…

Juicing the Economy

Every President has ways to boost the economy. And when that happens, the stock market gets a boost, too.

Remember when Donald Trump was elected? The first thing he did was cut taxes. And suddenly, America’s Gross Domestic Product (GDP) went from around 2% growth to 4%. Not long after, the stock market soared 20%.

What can Joe Biden do? Well, he’s not into tax cuts. But he is into debt relief, specifically for those with student loans.

During his time in office so far, Biden has announced $132 billion worth of debt relief, benefitting some 3.6 million Americans. That’s nearly four million voters who are likely to sing his praises and intend for him to remain in office. And here’s the thing…

That $132 billion is equal to about 1% of the U.S. GDP. And not only is that money now not going toward debt, but it’ll go into the economy in the form of spending. And that will undoubtedly create even more economic and stock-market growth.

Timing is Everything

The market’s rise in 2024 won’t be instantaneous. And it’ll come with its share of ups and downs.

But this year is set up to deliver big returns to investors like you. And the fact that it’s an election year is just one element to this Year of the Bull.

Over my next few editorials and videos, I’ll provide an in-depth look at the other reasons why the stock market is poised for a successful year.

In the meantime, I’m giving Pro readers a look at one of my favorite plays for 2024 — a stock that has a history of delivering market-beating returns during election years.

We’re in it to win it. Zatlin out.

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