I think we putting in a local bottom around here, spy642-666 range-> spy 740-780 into the summer -> undercut q1 bottom in the fall, 550-590 -> end year 660-680. And I am bullish the next few years after this year going to 2030
I haven't even mulled this year over, took 31 days off for the month of March and posted up in the alpine to ski an entire month, shame that this years western snowfall is a bit weak here in Canada, but the USA is far worse from what I can see, met up with some colleagues from Salt Lake and they said worst snowfall they have ever seen.
If I look back on my previous posts, my prediction was sideways movement for several years with minimal ground gained and I still maintain that stance if inflation adjusted. Are interest rates going to be lowered and inflation pushes asset value again? Maybe.
I don't think a period of stagnation will be similar to that that followed 1999, there's mass amounts of liquidity that all gets dumped into markets now, everyone and their dogs 401k, savings, idle institutional liquidity, and so on that you would not see a lost decade but I am not bullish still after this year as you are.
Ill mull it over. I don't have very good concise thoughts, but that's the benefit of dumping it all and forgetting, I sort of hit a number and stopped paying attention.