Amazing prediction! Bank of America Strategist: This round of long-term bull market in the US stock market will continue until 2033
芊芊551
发表于 2024-1-17 12:37:59
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Stephen Suttmeier, a technology strategist at Bank of America, recently pointed out in a report that the current bull market in the US stock market may continue until 2033.
Suttmeier observed the long-term trends of the US stock market from 1950 to 1966 and from 1980 to 2000, and then used them as a basis to draw a roadmap for the current long-term period. Suttmeier pointed out that to know the future trend of the stock market, one must refer to past trends.
According to the overlay chart, the current long-term bull market officially began in April 2013, when the S&P 500 index exceeded the peak reached in the Internet foam in 2000 and the real estate foam in 2007.
Suttmeier pointed out that 2024 has entered its 11th year, and historical data shows that there is still a long way to go from now on.
"Starting from breaking through the highs of 2000 and 2007 in 2013, the current long-term bull market is in the mid-term stage and may continue until the late 1920s to early 1930s."
According to Suttmeier's report, guided by past performance, the rebound of this bull market will end between 2029 and 2033.
From the overlay chart of the long-term bull market, the S&P 500 index is likely to be above 5000 points for most of 2024, and even close to a bullish pattern of 5600 points. If it can rebound to 5600 points, it means it may rise by 18% from the current level, even exceeding Wall Street's most optimistic forecast.
Suttmeier has been bullish on US stocks for a long time, and he expects the S&P 500 index to reach over 5000 points for most of 2024, mainly due to this being an election year in the United States. Behind the steady performance of the fourth year of the US presidency, it is usually the current president's attempt to provide the economy with the final stimulus through fiscal spending to increase the chances of re-election.
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