I/O Fund Sees S&P 500 Correction Before 9,000-10,000 Target
Updated
Updated · IO Fund · Oct 11
I/O Fund Sees S&P 500 Correction Before 9,000-10,000 Target
1 articles · Updated · IO Fund · Oct 11
Summary
A notable pullback is likely before the S&P 500 makes its next major advance, with I/O Fund still projecting the index can ultimately reach 9,000-10,000.
The firm argues the risk of a correction is rising because the current bull market has lasted 17.4 years and gained 1,073% since 2009, far above the 11.2-year, 675% average secular bull market since 1880.
Its Elliott Wave analysis says the post-2022 advance looks like an ending diagonal, a pattern that often brings sharp swings even when the broader trend remains higher.
Under its main scenario, support should hold near 7,265 and could stretch to 6,683 before a breakout; an alternate path calls for a cyclical bear market first, then a final push into late 2027 or early 2028.
I/O Fund says the same setup supports years of upside in AI-linked stocks, including memory names, despite deep interim volatility.
As the 17-year bull market defies history, will the looming AI memory wall trigger a devastating correction or fuel a final historic surge?
If the S&P 500 is forming a rare ending diagonal, what hidden catalyst will drive it to 10,000 before the inevitable bear market strikes?
With memory projected to dominate cloud spending, could the recent massive KOSPI crash secretly be the ultimate buying opportunity for the AI inference boom?