2024 Q2
April 1st, 2024
Our quarterly S&P 500 forecast for 2024 Q2 (average price returns) indicates a 7.2 percent increase over the first quarter of 2024. Our monthly forecast for April is slightly higher than March’s average. Geopolitical problems such as the Russia-Ukraine, the Red Sea crisis, and the Gaza conflict cannot be captured in a forecast model. Thus, any uncertainty concerning these issues makes the 95 % confidence interval around the point forecast rather wide.