5 reasons the S&P 500 will rally in year-end and 2024 after entering a correction, Wall Street strategist says

• Investors shouldn’t give up on the stock market just yet, according to Raymond James.
• The investment firm said the 10% correction in the S&P 500 should transform into a year-end rally.
• These are the five reasons why Raymond James remains optimistic towards stocks.

It’s been a tough period for stock market investors since the end of July, with the S&P 500 falling 10% into correction territory.

But Raymond James chief investment officer Larry Adam said investors shouldn’t give up on stocks just yet, as there could be a rally into year-end and beyond.