The S&P 500 will trade near its all-time high before a recession drags it down again in a topsy-turvy 2024, Société Générale says

• Investors should get ready for a topsy-turvy 2024, according to Société Générale.
• The S&P 500 will climb higher in the first quarter but then plunge 12%, the French bank said.
• That drop will put the benchmark index in "buy the dip" territory by the end of the year.

Get ready for an up-and-down 2024 where the S&P 500 nears record highs, plunges, and then stages another comeback, Société Générale says.