S&P 500 Predictions

[robertbanking]

Hello you very wonderful and amazing individuals that make up these forums. I sincerely hope you are having another good week and doing well.

We have seen this year that primarily Tech stocks have rebounded, due to the fact there is alot of interest in Artificial Intelligence, this along with the US avoiding a recession this year has helped pull the S&P 500 up by about 16% so far. I kindly wondered please if anyone has any thoughts on what the next few months will bring, up through the next quarter of 2024 until around April 2024. Do you please think the S&P 500 growth will continue into 2024 and do you please have any thoughts if the US could avoid a recession in 2024? If anyone kindly had any thoughts on this i would be forever grateful and it would mean the world to me, i would highly appreciate it.

Sending you lots of good wishes and i truly hope you continue to achieve massive success in the stock market. I truly hope you continue to do well and stay happy and healthy. Very best wishes.

[Oggy]

I too have an interest as I am in USB's S&P tracker fund. Sadly I don't have a crystal ball with which to answer your question, but I would say that S&P will probably do better than FTSE, and I believe Mr. WB recommends it.

[Lootman]

I too have an interest as I am in USB's S&P tracker fund. Sadly I don't have a crystal ball with which to answer your question, but I would say that S&P will probably do better than FTSE, and I believe Mr. WB recommends it.

I think that 5,000 by the end of 2024 is very doable, absent a dramatic global event. After all, it almost hit 4,800 nearly 2 years ago.

[robertbanking]

Thank you very much for your responses it really means alot and is highly appreciated, it was very kind of you to get back to me. I very much hope you are doing well.

Can i please ask is it unlikely the US economy will enter a recession in 2024, with the forecast that the S&P hopefully will do well next year please? If you kindly had any thoughts on this it would mean the world to me and be highly appreciated. I understand that nobody has a crystal ball, but with the recession expected in 2023 and this did not happen i was kindly looking for your thoughts for 2024.

Very best wishes to you all and i very much hope you enjoy the festive period. All the very best to you.

[77ss]

........
I think that 5,000 by the end of 2024 is very doable, absent a dramatic global event. After all, it almost hit 4,800 nearly 2 years ago.

5000? I hope so, but who knows?

Two substantially divergent recent forecasts for the end of 2024.

JP Morgan Chase 4200
Bank of America 5000

As ever, events, dear boy, events.

[vand]

It is fun to guess, but really nobody has a clue and if they tell you they do they're full of bull.

[Oggy]

It is fun to guess, but really nobody has a clue and if they tell you they do they're full of bull

Well quite, and I take a very simplistic view of investing mainly because of that. All I can usefully do is read around a little, use some common sense, and diversify somewhat. It may indeed be fun to guess, but if it's your money you are guessing with, then you can only guess if you can afford to lose it.
My pot therefore

1/4 Fundsmith
1/4 USB S&P tracker
1/2 Low cost global trackers

Boring for sure, but I feel relatively safe, returns have been OK in the past, generally seems better than sticking it in the bank. May consider part transfer to ETF global funds - VAGP - or something at some stage, and moving from Fundsmith into global trackers, but I am not tempted to anything else except leave it there and (hopefully!) watch it grow.

[moorfield]

0 (zero) by the end of 2024. Well, why not ?

[kempiejon]

OK just for fun.

through the next quarter of 2024 until around April 2024

I guess it'll be different to now.
Coin flip - higher

the US avoiding a recession

Was that expected, I missed that.

0 (zero) by the end of 2024.

I'll take other side of that bet.
A tenner?

[scotia]

My pot therefore

1/4 Fundsmith
1/4 USB S&P tracker
1/2 Low cost global trackers

Total returns on the above 3 (which I also hold)


So looking back this has been a pretty good choice - but the future? Its a guess.
(Data from Hargreaves Lansdown)

[funduffer]

It is fun to guess, but really nobody has a clue and if they tell you they do they're full of bull.

.....or full of bear!

FD