CiovaccoCapital said Millennial consumption can drive up stocks until year 2035, just like baby boomers drove stocks up from 1982-2000. So, the green line is the optimistic forecast up to the year 2035 and the red line is the decline similar to the dot-com bust of years 2000-2003.
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So, the S&P 500 could reach 17,000 by the year 2035. If there an Artificial Intelligence bubble in the years 2030-2035, then the chart could look like a repeat of the the dot-com bubble.
Until I saw this chart, I thought Ciovacco Capital was over optimistic. Its hard not to be pessimistic in the midst of an inverted yield curve.
nsprph
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I DREW MY CHART THEN I SAW CIAVACCO CAPITAL VIDEO. I FOLLOW HIM HE DOES GREAT WORK! SO WHEN MY CHART MATCHED HIS FUNDAMENTAL ANALYSIS I PATTED MYSELF ON THE BACK.
bryonss
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@nsprph, I like your chart. The value-based forecast is for a sideways stock market until 2028. But if Millennials drive up stock market until AI boom kicks in, then S&P 500 might reach the top level of your chart and maybe get up to 40,000 after year 2035. Being in cash would be a real bummer if that happened.
nsprph
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@bryonss, Just saw his latest video, shows that value-based (PE) called for the the market to drop from PE of 14 ( the average for a from late 1800) to below average and the higher side of the range was in the low 20s. Then instead of for sideway or drop it went to a crazy level of 44. It might repeat, we will find out:-)