S&P500 Price Prediction: On The Descent As Bears Enter The Fray

Although the long-term prediction for the S&P500 price remains a bullish one, the current economic scenario remains a worrying one. There is still no indication when tapering will begin with Fed Chair Powell keeping the cards close to his chest.

The situation in China may also be a drag on the S&P500 price prospects. The continued negative scenario with rising Covid19 cases across the US and an alarming rise in hospitalizations and deaths all over the states who have low jab rates is also an important factor.

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