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S&P 500 Outlook
Read summaryIn this video, the speaker discusses the current market outlook for the S&P 500. They mention that historically, the market tends to cool off in pre-election years around day 145 to 150, which has translated to a 6% drop so far this year. They also point out that in 2023, there was a 5 to 10% correction in the S&P 500, which was followed by a rally when Yellen issued shorter duration than expected. The current 6% correction is also attributed to the 10-year yield moving back up. The speaker notes that the S&P has already rallied 2.2% from the recent low and a 5% rally would take it back up to around 5200. They further highlight a previous 3-month correction in July to October that saw the S&P drop about 11%. In conclusion, the speaker suggests that the market may see some additional fluctuations in the near future. 👍📉📈🕒
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