Ed Yardeni's comment on forecast by economists at Goldman Sachs that the S&P 500 will produce annualized returns of only 3% (before accounting for inflation) over the next 10 years. They reckon that the range of possible outcomes includes -1% at the low end and +7% nominal returns at the high end.
What about the decision by OPEC to reduce oil output and the reaction of markets.
The S&P 500 Semiconductors industry stock price index has jumped 55.8% from its late 2022 low, as of Tuesday’s close.
Ed Yardeni affirms that the technicals confirm that S&P 500 has bottomed in October 2022.
In any case, the big question remains: is the index growth of these months the beginning of a new bull market or a short term rebound of a bear market that has still to end ?
In any case, the big question remains: is the index growth of these months the beginning of a new bull market or a short term rebound of a bear market that has still to end ?
