I’m in the camp we see
$SPX 8,000 maybe more by eoy.
But I’m also in the camp we gotta hit a small speed bump before then.
The
$VIX is currently at 15.40’s.
The last 8 straight Octobers dating back to Trump’s first Midterms, the
$VIX saw a MINIMUM of 21.46 at least once.
With an average high water mark peak of 28.29 across those 8 Octobers.
Not trying to say crash crash crash! But a 5% maybe 7% pullback on the SPX would be a nice btfmd* opportunity.
m = mini