Predictions: S&P 500 End of Year Target Price
Investment Note - S&P 500 End of Year Target Price - This is an update due to choppy markets and high volatility the distribution of returns has dramatically expanded.
I am now forecasting as of the close of Friday's Price a range up or down of 9.5% (+/-) on the S&P 500 by December 31st, 2022. Buy into weakness Extremely Fast Nominal Growth continues to support Corp Revenue Growth and Margins.
200-Day Moving Avg - 4,134.71
Current Price 3,752.75
Price Target
High 4,098.74 or P/E 18.41 - Earnings Yield of 5.43%
Low 3,418.73 or P/E 14.25 - Earnings Yield of 7.0%
Current Earnings Per Share Estimates
2022 - 222.58
Consensus P/E 16.86 or earnings yield of 5.9%
2023 - 239.80
Consensus P/E 15.64 or earnings yield of 6.3%
Long-term investors need to use the 2023 shallow Recession as a time to load up on stocks. We will enter a bull market at some point in the very near future.
$Invesco QQQ Trust(QQQ)$ $Cboe Volatility Index(VIX)$ $DIA(DIA)$ $SPY(SPY)$ $TLT(TLT)$
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