People walk past the New York Stock Exchange during afternoon trading on November 03, 2023 in New York
People walk past the New York Stock Exchange during afternoon trading on November 03, 2023 in New York.
  • Inflation is steadily cooling, optimism for rate cuts has climbed, and stocks are rallying in November.
  • Goldman Sachs said the S&P 500 can climb 8% in 2024 as pre-2008 conditions return.
  • Business Insider asked stock market veterans to share their outlooks for 2024.

Markets think the Federal Reserve is about done with its rate-hiking cycle, and stocks have been enjoying a run of gains spurred by optimism around looser monetary policy.