It all depends if the war escalates and if there will be further rate hikes or cuts. These few years, prices move more based on ‘market mood’ rather than fundamentals. There will of course people who want to buy when it’s cheaper or take profit now before it drops further. Expecting the next month to be quite volatile.
Rate Cut Delay: Will S&P Drop Below 5000?
Federal Reserve Chair Jerome Powell said firm inflation during the first quarter had introduced new uncertainty over when and whether the central bank would be able to lower interest rates later this year.
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Will S&P 500 drop below 5000?
Is a short term correction or the end of bull market?
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