2024-07-17 17:01:20 ET
Summary
- Investment thesis predicts the S&P 500 finishing 2024 at 3,500 points based on current overvaluation and potential rise in oil prices.
- SPDN ETF offers short-term bet on falling markets with inverse relationship to S&P 500, not recommended for long-term holding.
- S&P 500 historically overvalued, but long-term buy & hold strategy is still considered a relatively safe bet based on historical precedent.
- There are significant factors that have the potential to break the long-term upward momentum of the stock markets, ranging from peak oil supply, deglobalization, and fiscal imbalances.
Investment thesis
Read the full article on Seeking Alpha
For further details see:
The Oil Market Is An Early Indication Of Stock Market Direction