This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the first half of 2024 logging some major losses. Is this one of the most buyable dips of the year? Or is this just the beginning of a protracted decline with much more pain to come for investors? Today, we’ll walk through four potential outcomes for the S&P 500 index over the next six to eight weeks. As I share each of these four future paths, I’ll describe the market conditions that would likely be involved, and I’ll also share my estimated probability for each scenario. By the way, we conducted a similar exercise for the S&P 500 back in April, and you may be surprised to see which scenario actually played out! And remember, the point of this exercise is threefold: Consider all four potential future paths for the index,…
