$SPX Roadmap 2023-2024
Expecting a choppy year ahead as the second year of quantitative tightening begins. With M2 money supply shrinking and current VIX levels signaling a near term decline in the indexes, Q1 seems gloomy. Soft landing scenario and price targets are my expected year ahead but leave room for a harder landing. A potential white swan is an early end to Russian war which could squeeze the indexes but not enough for new ATH, setting up a short opportunity. Another potential outcome is market chopping in the 4300-3400 range until a climax in 2024-2025 as sovereign and corporate debts have a looming potential crisis ahead.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.