Where Will the Market be One Year from Now?
Hey, Ross here! Today’s chart shows the S&P 500’s price target based on the combined one-year target prices of all 500 companies in the index. If each company hits its median target, the S&P 500 would be over 9% higher at 6,288. Interestingly, this method has often underestimated the market’s strength. A similar calculation last year predicted a lower result than what actually happened. This reinforces what I’ve been saying – the bull market still has room to run.