Economist and macro strategist Henrik Zeberg predicts that the S&P 500 index could rise with double digits per percentage points in the coming months.
In an interview on the WTFinance -Podcast, Zeberg out The markets are ready for an explosive meeting in the short term.
“I think the blow-off top is still going and you see it in different markets around the world … actually [markets] I saw new all time after everyone had rejected a little that we could see that in April. Now we see it. “
According to the economist and macro strategist, the S&P 500 index could rise of around 13% from the current level.
“I still think that things will continue like what I expected in terms of a 6,800 top in the S&P [500] As a minimum. “
From the Tuesday market, the S&P 500 is traded at 6,025 points.
Although Zebberg predicts the meetings on the stock market, he warns that a recession will probably follow because the economy shows signs of gradual erosion.
‘We are getting closer and closer [to a recession]. There are more and more signs now that the deterioration is going on. It is really on the housing market that is the worst in the US. And we also start to see some signs in the real economy and also on the labor market.
So I think we will see that things are slowly starting to roll. ‘
https://www.youtube.com/watch?v=O0ZFDFQISGG
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