Fidelity Analyst Predicts Potential S&P 500 Bottom
- Jurrien Timmer, Fidelity’s director of global macro, shares insights on market corrections.
- The S&P 500 is currently following historical presidential cycle averages.
- Timmer suggests the current drawdown might end around July.
- The market dip resembles the 2018 correction, with a possible bottom at the 4,900 level.
- The S&P 500 remains in a 10% correction territory as of now.
According to Jurrien Timmer, the S&P 500 is experiencing a correction similar to past cycles and could potentially bottom out near the 4,900 level. The current market behavior aligns with historical presidential cycle trends.
Source (2.6)https://dailyhodl.com/2025/03/25/heres-when-the-stock-market-could-bottom-out-according-to-fidelity-global-macro-analyst-jurrien-timmer/?rand=59076
