SPY S&P 500 ETF 2023 Forecast. CPI Report Prediction
Updated
After those Put options went to the target:
My timeline for SPY S&P 500 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation.
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the SPY will reach $376.
3. They year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation, will be restored. Inflation don to 3%.
My prediction for SPY by the end of the year is $436, a 15% increase YOY.
Looking forward to read your opinion about it!
My timeline for SPY S&P 500 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation.
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the SPY will reach $376.
3. They year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation, will be restored. Inflation don to 3%.
My prediction for SPY by the end of the year is $436, a 15% increase YOY.
Looking forward to read your opinion about it!
Trade closed: target reached
SPY reached my End of the Year Price Target. I assume it will trade sideways from here.
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RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
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