The S&P 500 could hit bottom by May — and 6,000 is the stock market’s correction floor
Why it matters: The S&P 500 could hit 6,000 by May 21, impacting investors' portfolios.
- Mark Hulbert suggests that strong single-day rallies are often indicative of weak markets, not a recovery.
- The S&P 500 is predicted to reach its correction floor of 6,000 by May 21, based on historical averages.
- The stock market is expected to surpass its January 27, 2026, all-time closing high by October 12, following the projected May bottom.
Despite recent strong rallies, the stock market may be heading for a correction, with the S&P 500 projected to bottom out around 6,000 by May 21. This forecast is based on historical averages of S&P 500 corrections since 1928, suggesting a rebound by October 12.
