BTIG analysts forecast that the S&P 500 could reach record highs, potentially surpassing 5700 in the coming weeks, driven by increased odds of a Federal Reserve rate cut. Rising chances of a 50 basis point cut—now around 45-50%—have boosted market activity, with small-cap stocks gaining traction.
Analysts also note rising gold prices and silver growth, suggesting positive trends for ETFs like IWM, XOP, GDX, and SLV. BTIG warns of a potential “sell the news” event post-FOMC meeting and prefers small-cap stocks over mega-cap tech.
