URGENT: Federal Reserve Pushes Rate Cuts, Prices Rise, Market Hits All-Time-High!

Published: 2024-03-20
Status: Analyzed

Predictions from this Video

Total: 12
Correct: 5
Incorrect: 7
Pending: 0
Prediction
Topic
Status
The S&P 500 rally has more room to run as a majority of its companies are above their January 2022 peak, and these stocks are expected to catch up.
"more than half the companies in the index are higher than they were when the S&P 500 reached its previous peak in January of 2022 suggesting that the rally is more room to run as those stocks begin to catch up bolstered by greater optimism over the outlook for the economy"
^GSPC
Correct
Starting April 2024, with only 450 Bitcoins mined daily, limited supply will likely lead to an increase in Bitcoin's price.
"with soon to be only 450 Bitcoins mined per day beginning in April there might just not be enough Bitcoin to go around without the price going up"
BTC
Incorrect
3IQ predicts Bitcoin's price will be between $60,000 and $180,000 by the end of 2024.
"the asset manager of 3 IQ says that is mid to high-range price target for Bitcoin this year is between $60 and $180,000"
BTC
Correct
Based on historical patterns, the stock market is more likely to continue posting record profits than to decline.
"This suggests that based on history the most likely outcome is that stocks continue to post record profits or at least more likely than they are to go down"
Stock Market
Correct
Rochester, New York, is positioned for above-average home price gains of 10.4% in 2024.
"Rochester New York is also positioned for above average home price gains of 10.4%"
Home Prices (Rochester)
Correct
Home prices in Austin are projected to decline by 12.2% in 2024.
"Austin which is projected to decline 12.2%"
Home Prices (Austin)
Incorrect
Home prices in St. Louis are projected to decline by 11% in 2024.
"St Louis at an 11% drop"
Home Prices (St. Louis)
Incorrect
Home prices in Dallas are projected to decline by 8.4% in 2024.
"Dallas at 8.4%"
Home Prices (Dallas)
Incorrect
Home prices in Denver are projected to decline by 5.1% in 2024.
"Denver at 5.1%"
Home Prices (Denver)
Incorrect
Increasing single-family home rents are likely to positively impact overall inflation later in 2024.
"This is also likely to have an impact on inflation later this year since shelter makes up a thir to the overall index"
Inflation (Shelter)
Correct
The Federal Reserve expects three rate cuts in 2024, bringing the federal funds rate to 4.6% by year-end, and eventually tapering down to a long-term rate of 2.6%.
"they're still expecting the full three rate Cuts this year ending at 4.6% and then slowly tapering off off until eventually they reach a long-term federal funds rate of 2.6%"
Federal Funds Rate
Incorrect
Jerome Powell predicts there will be bank failures in the coming years due to commercial real estate losses.
"I'm sure there will be bank failures"
Bank Failures
Incorrect