The S&P 500 rallies to 4,750-4,800 by the end of 2023, after a 'zig-zag' in December.

What counted as right

Status

resolved

Settled on

2023-12-29

TRUE if the S&P 500's final close of 2023 is at or above 4,750, i.e. it reaches the stated 4,750-4,800 target band (a close above 4,800 also resolves TRUE, since the call is a rally target). FALSE if the 2023 year-end close is below 4,750. The 'zig-zag' framing is descriptive colour and is not separately graded.

Same underlying datum as tom-lee-202308-sp500-4800-ye23 (the 2023 final close of 4769.83) but tested against a lower threshold: 4769.83 is inside the 4,750-4,800 band this record specifies. The 'zig-zag in December' framing is descriptive colour and was not graded, per the criterion; for the record, December 2023 did trade in both directions, closing 4698.35 on 12-20, rising to 4783.35 by 12-28, then easing to 4769.83 on 12-29. No conflicting credible evidence found. These two year-end records resolve in opposite directions purely because of the different thresholds, which is expected and not a data conflict.

Sources

• FUNDSTRAT: '.. a rally towards S&P 500 4,750-4,800 ..'

  X (Twitter) — @carlquintanilla (CNBC) · 2023-11-27

  Source

• Archived capture of the @fundstrat timeline via Nitter

  Wayback Machine / Nitter · 2023-11-28

  Source

• several things coming together to support at YE rally

  X (Twitter) — @fundstrat (Tom Lee) · 2023-11-24

  Source