I have SPX in a 3500-2645 range for 2020 Feel free to post your prediction and we will revisit on Dec 31 to see how the year went
I think the S&P 5000 closes negative for the year. Gold/copper ratio and treasury yields are all screaming slow economic growth....market will stop ignoring this once Fed repo operations slow down. Couple that with slowing stock buybacks, and a real possibility of Bernie gaining momentum in the summer, and I think markets will be highly cautious heading into the election. If the Fed goes full tilt QE4, then markets may go parabolic higher, completely invalidating my thesis. Just my opinion.
Fed will expand the balance sheet higher.... Trust me..... Hyperinflation is coming. Stocks and everything will only one direction to go :UP