Renowned economist Henrik Zeberg is sharing his predictions for the future of stocks and crypto in the upcoming months. With a following of 139,600 on the social media platform X, Zeberg believes that both assets are poised for significant rallies that could last until the end of the year.
Zeberg highlights two key narratives that he believes will drive the bullish sentiment. Firstly, he argues that the blow off top is not yet over and expects an extreme rally in certain indices and cryptocurrencies. Secondly, he predicts that sentiment will become extremely bullish, leading to increased optimism among investors.
However, Zeberg also warns that once the top is reached, both stocks and crypto will experience a dramatic decline. He anticipates that the top in US markets will occur in the third or fourth quarter of 2024, followed by a recession in the fourth quarter. This will trigger a rapid decline in the markets.
Zeberg further notes that market participants will become increasingly exuberant as the S&P 500 continues to rise. He predicts that as the index approaches 6,150 points, bullish sentiment will reach its peak. The prevailing narrative of artificial intelligence and liquidity driving the market’s upward trajectory will dominate conversations.
Currently, the S&P 500 is trading at 5,221 points.
It’s important to note that the opinions expressed by Zeberg are not investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are undertaken at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advice.
