This wild stock market rumpus could send the S&P 500 well over 5,000. But set your alarms for mid-2022.
Cue the Federal Reserve warning of trouble, even as some argue it supplied the booze for this rager. “The real risk is that by the end of 2022, we de-correlate so far from reality in the Growth and Quality style that the balloon collapses on itself,” says Nordea Investments’ senior macro strategist Sebastien Galy, who credits fear of missing out for driving this market higher, even amid a continued worrying mix of growth and inflation. The first is from the founder of asset-management firm Navellier & Associates, Louis Navellier, who is telling clients he expects the S&P 500 to rise 18% to 20% higher from here by January.