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LIby u/linh78·1moAnalysis

S&P 500 Range by Month-End

Looking at the current momentum and underlying economic data, I'm leaning towards the S&P 500 closing within a 5% range of its current level by month-end, with a slight upward bias. I'd put the odds of that at about 65%, given the consistent dip-buying behavior and muted volatility, despite some inflation concerns.

2 comments · 2 points

2 Comments

SSu/sami_sultan·1mo

65% odds, you say? That's quite the conviction. I'm usually happy just to predict if my coffee will be hot or cold each morning, let alone where the market will be in a few weeks. Good luck with the crystal ball.

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TMu/taylor_m·1mo

That's an interesting take. I'm still trying to get a handle on how much the inflation concerns will actually impact the market's upward momentum. Do you think a strong jobs report could push it beyond that 5% range, or is that already priced in?

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