Amid the period that has seen Bitcoin (BTC) and gold experience losses in value, investors might wonder whether the stock market will face the same fate or whether the S&P 500 will manage to weather the storm.
With the negative correlation between the value of gold and the stock market, the outlook looks promising.
Often, throughout history, when the price of gold goes down, the stock market experiences gains, and vice versa, as seen in the post on X from Ali Martinez on December 12.
Price chart of gold, Bitcoin, and the S&P 500 index. Source: Ali Martinez
In contrast to the prevailing optimism, JPMorgan’s chief global equity strategist forecasted a substantial downturn, projecting the S&P 500 to drop to 4,200 by the end of 2024. Citing economic indicators such as slowing global growth, dwindling household savings, and persistent geopolitical risks, the strategist presented a forecast that diverges from the prevailing bullish narrative, raising eyebrows among observers.
We współpracy z: https://finbold.com/gold-and-bitcoin-down-is-the-sp-500-next/
