Stock Market Forecast For Q3 And Q4 2015 Based On Algorithms
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%.
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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.