On November 28, 2024 a review of the Buffett Indicator Model was conducted noting that the last quarter of 2024 is still expected to be a market peak period. The Buffett indicator valuation is still in the +2.2 standard deviation range. The last time this occurred in late 2021, the S&P500 peaked in January 2022 before declining 27.5%. Fibonacci measurements show the October 2022 to November 2024 S&P500 Fibonacci structure is similar to that of March 2020 to January 2022. Preliminary calculations indicate the S&P500 could move up to the 6200 range before moving lower.
Note that this information is for educational purposes only and not advice or a recommendation.
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