Thinking long-term in the US stock market is wise.
With the S&P rising for 11 years, and assuming another 10, how would you invest? Diversify in assets like real estate, stocks, bonds, and ETFs for stable returns.
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Bank of America's technical strategist, Stephen Suttmeier, recently stated in a report that the current bull market in the stock market could potentially continue until 2033.
Trader at NYSE
Sattmer observed the long-term bull markets in the US stock market from 1950 to 1966 and 1980 to 2000, using them as a guide for predicting the current rebound.
In a video message to clients, Sattmer emphasized the importance of knowing where you've been to understand where you're going.
According to him, the current long-term bull market officially started in April 2013, surpassing the highs of the 2000 dot-com bubble and the 2007 real estate bubble.
Now in its 11th year, this long-term bull market suggests there's still a long way to go based on historical patterns.
Sattmer suggests that starting from the breakthrough of highs in 2013, the current bull market is in its mid-stage and could continue until the late 2020s or early 2030s.
Based on his report, guided by past performance, the current rebound is expected to conclude between 2029 and 2033.
This is seen as a bullish signal by Sattmer, who predicts the $S&P 500(.SPX)$ index to trade above 5000 points for most of 2024. This is attributed to positive seasonal factors related to the fourth year of the presidential election cycle, the bullish "Cup and Handle Pattern" forming across various stock market sectors, and the roadmap of the previous long-term bull market rebound.
Sattmer concludes that looking at overlays of breakthroughs in long-term bull markets in 1950, 1980, and 2013, the $S&P 500(.SPX)$ index might be above 5000 points for most of 2024. This confirms bullish patterns approaching levels around 5200 points and 5600 points.
If it reaches 5600 points, it implies a potential 18% or more increase in the $S&P 500(.SPX)$ index, exceeding even the most optimistic forecasts on Wall Street."
https://markets.businessinsider.com/
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