CiovaccoCapital said Millennial consumption can drive up stocks until year 2035, just like baby boomers drove stocks up from 1982-2000.
So, the green line is the optimistic forecast up to the year 2035 and the red line is the decline similar to the dot-com bust of years 2000-2003.
So, the green line is the optimistic forecast up to the year 2035 and the red line is the decline similar to the dot-com bust of years 2000-2003.
Comment:
So, the S&P 500 could reach 17,000 by the year 2035. If there an Artificial Intelligence bubble in the years 2030-2035, then the chart could look like a repeat of the the dot-com bubble.