As we close out the first full week of trading in the last month of the second quarter of 2023 it is apparent that all major market indices are in the black year-to-date (YTD) if not considerably in the black year-to-date (YTD). It will be interesting to see how the markets perform for the final month of the second quarter and for the remainder of 2023 and on into a fast approaching 2024 and not so distant 2025. Three questions to ask... 1. What can we say about 2023 thus far? 2. What will we see for the remainder of 2023? 3. What will we see in 2024? Answers. Answers.. Answers... What can we say about 2023 thus far? We can say that the gains have been substantial for all the major market indices. It has been modest gains for the DJIA thus far in 2023 with the DJIA gaining year-to-date (YTD) +740.41 points or 2.23% to close at 33,876.78 on Friday June 9th, 2023. It has been a considerable gain for the S&P 500 thus far in 2023 with the S&P 500 gaining year-to-date (YTD) +474.72 points or 12.41% to close at 4,298.86 on Friday June 9th, 2023. It has been an all out 'BULL-Run' for the NASDAQ Composite thus far in 2023 with the NASDAQ Composite gaining year-to-date (YTD) +2,872.15 points or 27.65% to close at 13,259.14 on Friday June 9th, 2023. What will we see for the remainder of 2023? We can see a very substantial upside in the markets through at least October with the major market indices seeing very substantial gains and potential transitioning into an all out 'BULL-Market' for the remainder of 2023. Gains may halt a bit in the fourth quarter of 2023 however return with big time gains for the major market indices through at the very least October of 2023 and returning as we approach the holidays. What will we see in 2024? Gains can and may be substantial through the second quarter of 2024. Gains can and may be limited during the third and fourth quarter of 2024. Gains in all major indices will be affected by the election of 2024. Gains following the election of 2024 may include a very substantial holiday rally. Gains for 2025 could be very substantial however may well we'll talk about it in May of 2025. Below are the 'FANTACY-Numbers' or as I described previously as 'FANTACY-Levels' that still may be in the works in the coming months and years that were outlined in previous posts. The 'BULL-ish' claims including 'FANTACY-Levels' are outlined below. DJIA 'FANTACY-Level': 42,400.00 which would be quite good. S&P 500 'FANTACY-Level': 5,800.00 which would be also quite good. NASDAQ Composite 'FANTACY-Level': 18,400.00 which would be more also quite good. Now, if we see these 'FANTACY-Levels' reached by early 2024 it would be an utter and resounding wow or two and wouldn't that be nice or even more and more nice! Now, even if we see these 'FANTACY-Levels' reached by early to mid 2025 that would even be nice now wouldn't it. Why, of course it would be and with the way of the world at present time anything seems possible especially well especially. Hey... You never know!
As we close out the first full week of trading in the last month of the second quarter of 2023...
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