Economist Henrik Zeberg predicts a significant surge in the S&P 500 index in the coming months. He’s calling it a “blow-off top” rally.
A Double-Digit Percentage Point Increase?
In a recent podcast interview, Zeberg stated his belief that the market is set for a rapid, short-term rally. He pointed to various global markets hitting new highs after being previously dismissed, suggesting a similar pattern for the S&P 500. He forecasts a potential 13% increase from current levels.
Minimum Target: 6800
Zeberg’s minimum target for the S&P 500 is a substantial 6800 points. This represents a significant climb from the current level (around 6025 points at the time of the interview).
Recession on the Horizon?
Despite his bullish market prediction, Zeberg cautions that a recession is likely. He cites weakening economic indicators, particularly in the US housing market, as evidence. He expects a gradual economic downturn, impacting the labor market and real economy.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always conduct your own research before making investment decisions.
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