Economist Henrik Zeberg Says Extreme Rally Ahead for Crypto and Stocks – But There’s a Big Catch
Carefully adopted economist Henrik Zeberg is revealing his outlook for shares and crypto for the approaching months.
The macro strategist tells his 139,600 followers on the social media platform X that he believes shares and crypto are gearing up for massive rallies that will endure till the top of the yr.
Zeberg factors to 2 narratives that he says bulls will latch on to justify the ascent.
“1. Blow off high isn’t over and performed – but! Extreme rally forward in sure indices and crypto.
2. Sentiment will change into extraordinarily BULLISH.
3. I will likely be referred to as ‘Perma Bear’ as I name US market high. Market high very shut in exterior US.
4. Bulls will level to AI (synthetic intelligence) and Fed liquidity to clarify why markets can solely go UP.”
But whereas Zeberg believes that extra rallies are in sight for risk-on belongings, he predicts that each shares and crypto will implode as soon as the highest is in.
“Prime in US markets will likely be in Q3/This fall 2024.
Recession units in This fall 2024.
Quick decline in markets will start.”
The economist additionally says market individuals will likely be exuberant because the S&P 500 ascends to larger heights.
“People will become overly BULLISH – right as we approach the top. This bullish sentiment will grow bigger as the S&P 500 heads towards 6,150 [points]. And talk of AI and liquidity – as the reasons why markets only can go UP – will dominate…”
At time of writing, the S&P 500 is buying and selling at 5,221 factors.
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