Monthly S&P 500 forecast for November 2024
November 1st, 2024
Our monthly S&P 500 forecast for November is a 0.88 percent drop over the average of October.
The model-based forecast takes into account the changes in oil prices and yield spreads. However, a forecast model cannot possibly capture the full impact of the uncertainty caused by the war in Ukraine, escalating tensions between Israel and Lebanon or the US presidential election.