Gold and Silver Forecasts

Gold and Silver Forecasts Bank of America forecasts gold price $1700 by year-end. Image: BofA Global Research

New Path of the S&P 500 Market in 2020

New Path of the S&P 500 Market in 2020 Goldman Sachs has set a price target of 3200 by the end of 2020, and a new mid-year S&P 500 target of 2000. Image: Goldman Sachs Global Investment Research

Path of the S&P 500 Market in 2020

Path of the S&P 500 Market in 2020 Goldman Sachs has set a price target of 3200 by the end of 2020, and a mid-year S&P 500 target of 2450 (28% below the market peak). Image: Goldman Sachs Global Investment Research

U.S. Equities During Past 11 Recessions

U.S. Equities During Past 11 Recessions The S&P 500 has declined by 15% from its peak. The average decline over the past 11 recessions is 26%. U.S. equity markets price in 15/26 = 57% chance of an average recession. Image: J.P. Morgan

U.S. True Money Supply and Nominal GDP Growth

U.S. True Money Supply and Nominal GDP Growth This chart suggests that money supply outpacing U.S. nominal GDP tends to be bullish for asset prices. Image: Gavekal, Macrobond

Forecast: Path of the S&P 500 in 2020

Forecast: Path of the S&P 500 in 2020 Goldman Sachs sees limited upside for the S&P 500 from current levels and set a price target of 3400 by the end of 2020. Image: Goldman Sachs

Gold, Bitcoin and Negative Yielding Debt

Gold, Bitcoin and Negative Yielding Debt Chart suggesting that gold price and bitcoin have been boosted by rising negative-yielding debt. Image: Fidelity Investments