Shocking New Stock Market Prediction Shows When We’ll Hit a Top

Shocking New Stock Market Prediction Shows When We'll Hit a Top
// Silver For The People

wallstreetexaminer.com / by Money Morning Staff Reports / 

The current bull market is in its ninth year, but Money Morning Liquidity Specialist Lee Adler's newest stock market prediction shows that we are now in its final stages. In fact, he sees the S&P 500 hitting its final high sometime in the first quarter of 2018.

As December unfolds, we've seen a breakout in stocks, and Adler's technical analysis bumped up his long-term price target on the S&P 500 to 2,800. That's based on his work with market cycles and published in his Wall Street Examiner Pro Trader Market Updates each week. Simply put, by rising above 2,630, the market's character changed for the better, suggesting one more leg higher.

However, December looks like the last chance to ride the current bull markethigher before conditions change and a bear market becomes likely…

Stock Market Prediction: Expect a Market Top in Q1

Pundits considered the U.S. Federal Reserve's quantitative easing (QE) program as the punch bowl keeping the recovery party going and goosing the economy and the stock market for several years.

However, as Adler has been warning, things will change in 2018…

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And it already has, now that the Fed's bond purchases are over. Plus, we've already seen the first of several planned hikes in short-term interest rates.

So far, it has not made much of a dent.

However, the forces of monetary policy and liquidity will be hostile to the markets in 2018. The Fed's program, which it calls "normalization," is designed to reduce the size of its balance sheet.


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