SPX end of year target 5000
Here’s the math.
In 2021, SPX has gained 20.06% over 165 trading days. I used one of the fancy calculators and put to use my mad math skills to calculate how much gain that means per trading day. The calculator tells me that this means its a gain of 0.11% per trading day.
We have 87 more trading days left in this year. I used the same calculator from above to calculate what it means for the rest of the year.
87 days with 4509 close on Friday and 0.11% gain per day = 4961.57. Let’s round it off to 5000, because Santa rally and all that jazz.
I did the math, so you don’t have to. I do the DD so you don’t have to.
All in end of year calls. Thank me on January 1st 2022.
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August 28, 2021 at 12:47PM