S&P 500 to drop to 3750 in 2025: BCA
is expected to drop to 3750 by 2025, according to a research note from analysts at BCA Research on Friday.
These concerns have now spread to the United States, fueled by a surprising increase in the unemployment rate, BCA Research said. The collapse of the yen carry trade, along with the reversal of other"low vol" strategies popular among hedge funds, such as the"dispersion trade," has contributed to market volatility, BCA Research explained.
They project that the U.S. will enter a recession in late 2024 or early 2025. Although future Fed rate cuts may eventually stimulate growth, BCA Research cautions that these benefits could arrive too late, as has happened in previous cycles when recessions followed shortly after the Fed began cutting rates.
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