{"id":34894,"date":"2023-07-12T23:06:00","date_gmt":"2023-07-13T03:06:00","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/sp-500-could-top-the-4500-mark-but-not-for-long-says-oxford-economics\/"},"modified":"2023-07-12T23:06:01","modified_gmt":"2023-07-13T03:06:01","slug":"sp-500-could-top-the-4500-mark-but-not-for-long-says-oxford-economics","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34894","title":{"rendered":"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics"},"content":{"rendered":"
\n

Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead U.S. analyst at Oxford Economics.<\/p>\n

Bond yields retreated, stocks rose and the dollar
\n DXY,
\n -0.05%<\/bg-quote>
\n sank to its lowest level since April 2022 on Wednesday, after U.S. consumer prices cooled more than expected in June, adding to hopes for the Federal Reserve to soon end its rate-hiking cycle.<\/p>\n

\n

Bullish tones about the Fed\u2019s chances of creating a soft landing for the U.S. economy, while taming high inflation through higher rates, could lift the S&P 500 back above 4,500 in the months ahead, Canavan said, in a Wednesday client note. <\/p>\n

However, he thinks an economic slowdown starting later this year will prevent the S&P 500
\n SPX,
\n +0.74%<\/bg-quote>
\n from returning to its 2022 record high. The stock market also likely will lose ground later in 2023, and struggle for gains in the decade ahead (see chart).<\/p>\n

<\/p>\n
<\/p>\n<\/figure><\/div>\n

The S&P 500 gained 0.7% on Wednesday, closing at 4,472.16, its highest finish to a session since April 8, 2022, according to Dow Jones Market Data. It also closed about 6.8% below its record finish of 4,796.56 on Jan. 3, 2022.<\/p>\n

The Dow Jones Industrial Average
\n DJIA,
\n +0.25%<\/bg-quote>
\n finished about 6.7% below its record close on Jan. 4, 2022, while the Nasdaq Composite Index
\n COMP,
\n +1.15%<\/bg-quote>
\n ended about 13.3% off its record close on Nov. 19, 2021, according to Dow Jones Market Data.<\/p>\n

A U.S. recession could see the S&P 500 fall \u201cback to test the 50% retracement of the rally since last October, which is currently just below 4,000,\u201d Canavan said.<\/p>\n

The S&P 500 set a one-year low of 3,577.03 on Oct. 12, 2022, according to Dow Jones Market Data.<\/p>\n

Related<\/strong>: U.S. stocks rise as bulls get \u2018wish\u2019 on inflation report, yet soft landings for Fed are \u2018pretty improbable\u2019<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead U.S. analyst at Oxford Economics. Bond yields retreated, stocks rose and the dollar DXY, -0.05% sank to its lowest level since April 2022 on Wednesday, after U.S. consumer prices […]<\/p>\n","protected":false},"author":1,"featured_media":7091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-34894","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nS&P 500 could top the 4,500 mark, but not for long, says Oxford Economics | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=34894\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=34894\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-13T03:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-13T03:06:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683784756_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34894#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34894\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics\",\"datePublished\":\"2023-07-13T03:06:00+00:00\",\"dateModified\":\"2023-07-13T03:06:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34894\"},\"wordCount\":315,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34894#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34894\",\"url\":\"https:\/\/ifintechworld.com\/?p=34894\",\"name\":\"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-13T03:06:00+00:00\",\"dateModified\":\"2023-07-13T03:06:01+00:00\",\"description\":\"Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34894#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34894\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34894#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics | iFintechWorld","description":"Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=34894","og_locale":"en_US","og_type":"article","og_title":"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics | iFintechWorld","og_description":"Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead","og_url":"https:\/\/ifintechworld.com\/?p=34894","og_site_name":"iFintechWorld","article_published_time":"2023-07-13T03:06:00+00:00","article_modified_time":"2023-07-13T03:06:01+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683784756_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=34894#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=34894"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics","datePublished":"2023-07-13T03:06:00+00:00","dateModified":"2023-07-13T03:06:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=34894"},"wordCount":315,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=34894#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=34894","url":"https:\/\/ifintechworld.com\/?p=34894","name":"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-13T03:06:00+00:00","dateModified":"2023-07-13T03:06:01+00:00","description":"Don\u2019t get too giddy if the S&P 500 index market eclipses the 4,500 mark, because a U.S. recession still looks likely, according to John Canavan, lead","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=34894#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=34894"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=34894#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34894"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34894\/revisions"}],"predecessor-version":[{"id":34895,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34894\/revisions\/34895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/7091"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}