Jim Cramer

The S&P 500 will reach 5,000 by the end of 2024 (from about 4,538 in November 2023).

“Broadly speaking, I actually agree with Savita Subramanian at Bank of America that we could go to 5000 on the S&P”

Said on

21 November 2023 · Mad Money, CNBC (reacting to Bank of America's 2024 outlook)

Source

Cramer broadly agrees with Bank of America's bullish analysis, says next year could bring gains for the S&P 500 · CNBC

Should come true

2024

How sure they sounded

we could; I actually agree

Categories

Markets

Importance

2 of 5 · Year-ahead target for the main U.S. stock index.

Outcome

Unresolvable

The quote is a possibility ("we could go to 5000"), not a forecast, so under the hedge rule it is scored unresolvable. For the record, the S&P 500 did first close above 5,000 on February 9, 2024.

Evidence:

• https://www.etf.com/sections/news/sp-500-closes-above-5000-first-time
• https://www.cnbc.com/2023/11/21/cramer-agrees-with-bank-of-america-says-2024-gains-for-the-sp-500.html