A Christmas Market For The Bull? S&P 500 At 6000 In 2025?

Christmas is in two weeks. This year's Santa Claus rally started early, i.e., on October 27. Will it last through Christmas? Will the rally continue through the end of this year, and maybe through the end of 2024 or even 2025? We think so.

In our November 3, 2022 Morning Briefing, we wrote that “we think the S&P 500 bottomed on October 12 and see a few potentially uplifting developments to come.” On January 9, 2023, we predicted: “The S&P 500 will move higher during the first half of the year, rising to 4500 and then stall there until a year-end rally drives it up to a new record high of 4800 in anticipation of higher earnings in 2024.”