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Thursday, September 5, 2024

S&P 500 Slide Until September 18th & Potential Rally to 25th | Allen Reminick

As of September 4 (Wed), lower prices on the S&P 500 are expected. The market should decline further until September 12 (Thu), potentially hitting another low around September 18 (Wed). A rally is anticipated from then until September 23 (Mon) or 25 (Wed).


Historical patterns from 2000 and 2007 suggest similar market behavior, including a likely 50 basis point Fed rate cut around September 18-19 (Wed-Thu), which might initially seem bullish but could be bearish in the long run.
A 10% decline might occur before the election, with a possible bounce post-election.