Analysts at Evercore ISI raised their target for the S&P 500 $^GSPC index to 4450 from the previous 4150. According to them, continued AI-driven momentum could push the index to 4450 by July 4.
We'll pretend it's not completely bizarre for someone to predict exact dates and values... If the S&P 500 really did reach those levels, what would that mean for you? Would the market be overinflated for you and would you sell?
How would you even proceed with an investment strategy if AI continues to push the markets up? Would you sell and tell yourself a bubble burst is coming, or just a new bull run and go up?
No point for me yet, but I'm curious about it 😁
So far, it probably means nothing to me. Unless somehow the bubble inflates even more and tech stocks are already at prices where it seems too much for me. Then I might start slowly selling off those tech stocks.
It will depend on the situation, above all we must not forget inflation and the faded topic of banks and real estate. I don't address it until we are in that situation.