Last month I predicted $SPY would be over $395 by Aug 12th. Since we blasted way past that (today’s close at $428.86) I’m thinking we are flattish to down over the next month. So I predict we won’t see more than a 2.5% move up. I’m hoping I’m wrong 🤑
While some commodities are down which is good...my hunch is one more quarter of increased inflation + markets down. This will be followed by inflation going down + markets also going down.
A simple post with a great chart backed by a lot of data. Got some great insights from @johnnysharp in the comments. Adding $COUP and $XM to the watchlist.