ilmscore | Markets Meltdown. WTF Is Happening Part 1 of 2

Markets Meltdown. WTF Is Happening Part 1 of 2

Published: 2024-08-05
Status: Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Prediction
Topic
Status
S&P 500 is predicted to drop an additional 4-5% from its current level (approximately 6% down from its July 15th peak), reaching a total decline of at least 10% for the year 2024.
"I'm not surprised if we go down another four to 5% because we need to drop at least 10% once a year based on this quarter right."
SPX
Pending
The author predicts it is unlikely the US stock market will enter a bear market (a 20% or more decline) in 2024.
"could this be a bare Market this year well everything is possible especially if there's a recession but I doubt it for now... So for us to have another bare Market this year could happen but it's bloody rare if it happens right so for now I think it's it's unlikely."
US Stock Market
Pending
US employment figures are predicted to show a strong rebound in August 2024.
"next month we should have a strong rebound"
US Employment
Pending
A Kamala Harris presidency is predicted to lead to better stock market returns than a Donald Trump presidency, based on historical Democratic performance.
"KLA Harris should actually be better for the stock markets than than Trump"
US Stock Market, US Elections
Pending
The current market downturn, which includes cryptocurrencies, is predicted to continue and drop slightly further before finding a bottom.
"I think it'll still go a bit more lower than this"
Market Crash, Cryptocurrency
Pending
S&P 500 is predicted to drop an additional 4-5% from its 6% decline as of July 15, 2024, to reach a total decline of at least 10% by the end of 2024.
"so far for the S&P 500 has it dropped 10% or more not yet it's only down 6% so like I said I'm not surprised if we go down another four to 5% because we need to drop at least 10% once a year based on this quarter"
SPX
Pending
Speaker doubts the S&P 500 will enter a bear market (20% or more decline) in 2024.
"could this be a could this be a bare Market this year well everything is possible especially if there's a recession but I doubt it for now"
SPX
Pending
The global market meltdown (including equities and crypto) as of August 2024 is predicted to continue to go 'a bit more lower' before finding a bottom.
"and is it bottom yet no I think I think it'll still go a bit more lower than this but the exact bottom no one can predict"
Global Markets
Pending