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    Any one think SPY will reach 650 by year end!

    Given how last week reacted to Fed interest rate cut possibility, do you think SPY is going to 650 this year ? Looks like small and medium cap will join the mag 7 after rate cut. If Nvdia , Microsoft, Apple results are also good this q2, there is no stopping. Especially since election is coming there won't be any major events other than rate cut until Nov.

    Thanks for the comments everyone! Obviously it has to crash 15-30 % at some point. But I believe it will be some time next year given not much going to happen until election. Also AI boost ( bubble?) Is not yet done. It will continue for few more months before adjusting to reality. It's just my thought. I am very much hopeful for this year. Let's see.

    Any one think SPY will reach 650 by year end!
    byu/Sudden_Transition811 inwallstreetbets



    Posted by Sudden_Transition811

    View 43 Comments

    43 Comments

    4. Sharp-Direction-6894 on

      Oh for sure SPY will go up another $90 in 5.5 months. Definitely be sure to LOAD UP on those cheap, WAY OTM calls that show 0% chance of profit.

      You cannot possibly go tits up. You are a fucking brilliant genius!

    5. roundupinthesky on

      I mean, if the SP493 join the mag 7 in a major bull rally then it’s possible to gain another 10%. There are headwinds to that, but it’s def possible.

    6. ptn_huil0 on

      We need to survive September. We’ll probably see some significant pullback this year. I think $600 is more likely.

    16. OtherwiseGarbage01 on

      I have concerns around the election, regardless of who wins. Political instability historically has always hurt the market.

    17. _WhatchaDoin_ on

      Dude, you have no idea what you are talking about.

      SPY will at least reach $800 by end of 2024. Just look at the past 6 months. With AI not being priced in yet, it is going to accelerate.

      Edit: I guess I forgot the /s because it was obvious enough. 🤣

    18. manofjacks on

      Thinking more like a 7-10% correction around September and then closing the year out somewhere between current level and 600.

    20. nateccs on

      no spy is already up 15% for the year. i do not think it will go up another 20%. IWM on the other hand 250 seems plausible.

    23. OakGroveHoneyBadger on

      Every single underlying economic indicator points at an epic recession that will come in hard and fast without any heads up. Any student of history has the introspection and objectivity to acknowledge it. The last 4 market crashes & subsequent bear markets all began in election years as well: 2000, 2008, 2020 & 2022. The Fed has never been able to curb inflation without causing serious economic damage in the past 50 years. There is no reason to assume that this time is different. If anything, it is much worse.

      Interest rates are the highest in 15 years. Banks are under severe constraints, bankruptcies and consumer credit defaults are at all time highs. Unemployment hit 4.1% this past week. Real inflation continues to be out of control (inclusive of food, housing & energy), fiscal deficits continue to balloon. Sure, the market will continue to go up and up and up, until it crashes abruptly & harder than ever before. Nobody sees it coming and basically everyone is in a state of euphoria right now.

    29. relentlessoldman on

      It’s up 18% YTD and you’re asking if it will go up another 16% in less time?

      No. It will probably correct and rally for Christmas.

    30. big-rob512 on

      Bro this shit beyond what tom lee would even predict lmao. 5700-6000 probably with a correction in between.

    33. come_back_zinc on

      This has about a 5% chance according to the options market (Dec 31 SPY calls at 650 have a delta around .05)

    34. jdakidd13 on

      lol no but I didn’t think it would hit $520 by the end of the year so fuck me ![img](emote|t5_2th52|31225)

    37. Ok-Flatworm-3397 on

      I’ve thought spy 570 eoy for a while, could be 580-590-600 now but 650 is like pretty overblown to me

    39. de_demp on

      I have tried puts, but for now I keep going to ride the wave but enough cash on my account when the market turns. When that happens all my calls will be cooked. I always have far otm put as an hedge.

    42. EnigmaSpore on

      When they start to cut rates, they may rotate into small and mid caps because they benefit from a lower rate environment. Cheaper debt and lowers risk.

      They’ll sell off the top of tech to do this since it’s such a massive win in the books for them already.

      If they sell off tech, s&p500 and nasdaq will drop due to the weighting. Russell 2000 will rise

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