The stock market’s 2023 recovery begs the question: are we in for a reversal next year? And if so, what does that mean for our closed-end funds (CEFs)?
It’s a natural concern, but it’s important to remember that bull markets don’t die of old age. Plus, we aren’t in a bull market—the S&P 500 still hasn’t fully recovered from its drop over the last two years, let alone priced in the economic growth over that time.
Whether stocks will or won’t price in that growth in 2024 depends on three things we’re likely to hear a lot about next year.
This post originally appeared at Contrarian Outlook.