We don’t give investment advice, but …
Just before the 2020 election, we posted a JP Morgan’s stock market forecast.
At the time, JPM advised clients that the S&P could nosedive to 2,500 (down 25% from its level at the time) if there was a “Blue Wave” with Biden getting elected and Dems taking both the Senate and the house. See the bottom right quadrant of the below matrix.
At about the same time, a B of A analysis concluded that a Blue Wave would be good for the market.
The post-lockdown surge in stock prices made B of A look like savant seers … and JPM’s forecast look downright silly.
Now, it’s looking like JPM had the fundamentals right … but were ahead of the curve.
Draw your own conclusion.
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P.S. A 25% drop from the 3,850 S&P peak would put the S&P at about 2,900.
Fasten your seatbelts.
The Homa Files 
June 15, 2022 at 12:09 pm |
With the Dems in office it was expected. Just surprised it took so long. Now trying to anticipate the bottom so I can figure out when to buy. Sold 1/2 my stock after the election. Holding the other 1/2 but would like buy in. Always has been an eventual recovery. I don’t think even Biden can completely destroy the market.
Da Cuz