by Avi Gilburt
GoldSeek
As many of you may have read from my prior articles, I am expecting the [S&P] market to transition into a major bear market as we look towards 2025. In fact, back in 2016-2018, I began to bring up this expectation to our subscribers. However, at the time, I said that I do not foresee such a major bear market beginning until the early to mid-2020’s. Well, we are now here.
What was really interesting was many thought this bear market was starting in the first quarter of 2020, with the Covid Crash. Yet, that was not my expectation. For those that read my analysis at the time, you may remember that at the end of 2019 I was calling for a 30% decline in the market to begin in the first quarter of 2020, and that was well before anyone heard the word Covid. But, what many may not remember was that I was also saying that I expected the market to rally north of 4000SPX once that correction completed. Many have thought I was a perma-bull due to this view.