SPDR S&P 500 ETF Trust [SPY] Stock Forecast

My allocation remains the same. June lows have been taken out.

Building serious wealth with only a little money isn't about picking the right stocks, but about giving your portfolio as much time as you can.

I believe the Fed will be unable to keep its promise of "higher and for longer" due to neutral rates, the Fed's recession odds, and historical precedent. Inflation swaps are falling to October 2021 levels, suggesting a strong improvement in forward-looking indicators.

Total market funds such as the Vanguard Total Stock Market ETF (VTI) and SPDR S&P 500 Trust ETF (SPY) are largely interchangeable for most purposes. Their performance and risks are nearly identical most of the time. However, from time to time, a relatively large divergence occurs.

We are at the peak Fed hawkishness - the core CPI expected to fall. There are still no signs of an imminent recessionary selloff.

The SPDR S&P 500 ETF Trust (NYSE: SPY) was bouncing up about 1.6% higher on Wednesday after a series of bearish days dropped the ETF almost 12% between Sept. 12 and Tuesday.

Market resilience challenged as index drops nearly 24% from recent highs.

World's No. 2 economy is shaking off problems, Ahern says.

In a down market, one stock, like its shoes, appears to be a bargain.

Prices were way too high in 2021 due to a flood of stimulus, free money, and the post-corona YOLO mentality. Stocks are now approaching my fair value estimate of around 3300 on the S&P 500 but may fall below it due to forced selling.