Stock Market Forecast: Summary

The fed is unlikely to raise short term-term interest rates before July as the minimum growth rates and inflation targets are still not met.

Oil prices are going up and both the oil companies and their competition are happy about it.

Algorithmic forecast for the S&P500, NASDAQ, and Dow Jones Industrial Average in the 3 months and 1 year horizon.

Q3 & Q4 Algorithmic Forecast

The I Know First market screening algorithms supports the opinion the US markets will likely increase in the next 6 months. According to the forecast the leading index will be the NASDAQ, with a strong signal (middle number) of 7.72 in the 3 month horizon and 10.16 in the 1 year. It is followed by the S&P500 and Dow Jones Industrial Average. All three have a high predictability (bottom number) of above 0.25 indicating a historical accuracy of above 60-75%.

I Know First Research is the analytic branch of I Know First, a financial start up company that specializes in quantitatively predicting the stock market.