Wall Street is bullish about bigger bonuses again

With Wall Street bonuses on the rise amid a recovering investment banking landscape and hopes for further deregulation under a new Republican administration, financial stocks are likely to benefit from increased performance expectations. The optimistic outlook on fees and trading revenues suggests that major banks will continue to thrive. Investors might consider entering or holding positions in these banks as they prepare for a potentially lucrative 2024.

Similarly, alternative asset managers like BlackRock and Apollo Global Management are also anticipated to benefit from increased inflows and overall market performance, suggesting these stocks may see positive market movements as well. Investors could look at these firms for potential growth.