đ” Despite the widespread belief in an imminent crash, I trusted my Business Cycle Model, dismissing the recession talk. I set my targets for various assets back then, and now it's time to see how things have shaped up.
Here's what I predicted and where we stand:
đ” S&P 500: Target 6100-6300 (from ~3900 in Dec. 2022)
đ” Nasdaq: Target 24-25K (from ~11.5K in Dec. 2022)
đ” DOW: Target ~45K (from ~33K in Dec. 2022)
đ” Bitcoin: Target 115-120K (from ~16.5K in Dec. 2022)
I've been steadfast in my belief in a BlowOffTop scenario. I predicted that before the final top, the bears would become bulls, and that I would be ridiculed at the peak for calling a major top and crash.
đ» But we're not at the top just yet!
đš Recession is coming, and it will be the worst since 1929. Expect a major bear market, unfolding in two phases: deflationary and stagflationary, separated by a mid-way bounce when the Fed intervenes in 2025.
Stay sharpâbig moves are ahead! đđź
