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- The stock market will offer investors a "richer opportunity" next year, Morgan Stanley said.
- That's as the "market has been efficient in rewarding and punishing the right stocks for the right fundamental reasons."
- Analysts predicted the S&P 500 will end 2024 at the 4,500 mark, up about 2% from current levels.
Morgan Stanley analysts see relatively muted stock market upside in 2024, but there are still gains to be had for discerning investors.
According to the bank's 2024 equities outlook, analysts see the S&P 500 ending 2024 at the 4,500 mark, about 2% over the 4,400 it's hovering at on Monday. And that's not entirely bad news.