Bank Credit Analyst still forecasting S&P 500 collapse to 3,750

I posted a little while back on this forecast from BCA Research:

• Canada-based BCA Research recently warned that the S&P 500 could fall to 3,750 by early 2025

The firm reiterated this forecast in a report published late lat week:

• expects stocks to stabilize in the near term
• says though that the medium-term direction is to the downside
• continue to expect the US to enter a recession in late-2024 or early-2025
• sees the S&P 500 collapsing sometime in 2025
• sees the 10-year Treasury note yield down to 3%

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I am on board with the stability in the short term, I reckon its sideways for a good few months to come.

As for 3,750, yikes, that would be would be a collapse indeed:

This article was written by Eamonn Sheridan at www.forexlive.com.