Economist and macro strategist Henrik Zeberg is forecasting that the S&P 500 index could go up by double-digit percentage points over the coming months.

In an interview on the WTFinance podcast, Zeberg says the markets are primed for an explosive rally over the short term.

“I think the blow-off top is still going and you see it in various markets around the world… actually [markets] have seen new all-time highs after everybody kind of dismissed that in April, we could see that. Now we are seeing it.”

According to the economist and macro strategist, the S&P 500 index could go up by around 13% from the current level.

“I still think that things will be moving on like what I’ve been expecting in terms of a 6,800 top in the S&P [500] as a minimum.”

As of Tuesday’s market close, the S&P 500 is trading at 6,025 points.

Although Zeberg forecasts rallies in the stock market, he cautions that a recession is likely to follow as the economy shows signs of gradual erosion.

“We’re getting closer and closer [to a recession]. There are more and more signs now that the deterioration is going through. It’s really in the housing market that is the worst in the US. And we’re starting to see some signs as well in the real economy and in the labor market as well.

So I think we will see that things slowly, as always, start to roll over.”

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The post Economist Henrik Zeberg Sees S&P 500 Triggering Blow-Off Top Rally This Year – Here’s His Minimum Upside Target appeared first on The Daily Hodl.

Economist and macro strategist Henrik Zeberg is forecasting that the S&P 500 index could go up by double-digit percentage points over the coming months.

In an interview on the WTFinance podcast, Zeberg says the markets are primed for an explosive rally over the short term.

“I think the blow-off top is still going and you see it in various markets around the world… actually [markets] have seen new all-time highs after everybody kind of dismissed that in April, we could see that. Now we are seeing it.”

According to the economist and macro strategist, the S&P 500 index could go up by around 13% from the current level.

“I still think that things will be moving on like what I’ve been expecting in terms of a 6,800 top in the S&P [500] as a minimum.”

As of Tuesday’s market close, the S&P 500 is trading at 6,025 points.

Although Zeberg forecasts rallies in the stock market, he cautions that a recession is likely to follow as the economy shows signs of gradual erosion.

“We’re getting closer and closer [to a recession]. There are more and more signs now that the deterioration is going through. It’s really in the housing market that is the worst in the US. And we’re starting to see some signs as well in the real economy and in the labor market as well.

So I think we will see that things slowly, as always, start to roll over.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Economist Henrik Zeberg Sees S&P 500 Triggering Blow-Off Top Rally This Year – Here’s His Minimum Upside Target appeared first on The Daily Hodl.