CFRA's Chief Investment Strategist Sam Stovall joined Yahoo Finance Live to share his optimistic 2024 market outlook, stating "next year will be a surprisingly good year." He notes multiple supportive factors, including 2024 being an election year, which tends to show consistently positive historical returns. While overbought conditions near-term could spur pullbacks, Stovall sees no real fear of a bear market now. He expects any dips to follow "a continued advance," rather than precede declines. Stovall also observes that an anticipated Federal Reserve rate cut could lift valuations across assets - "lifting all boats" in size, style, sector and industry. During past Fed pauses, he notes areas like financials and real estate tended to outperform. Following solid 2023 gains, he suggests "letting your winners ride" per trend, rather than banking on "last year's losers" recovering as typical after down years. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.