BCA Research Predicted the S&P 500 Would Crater to 3,750. Its at 6,800.

In mid-2024, BCA Research and its bullish-free zone chief strategist Peter Berezin dropped a doozy: the S&P 500 was headed for a "conservative" 3,750 drop due to an imminent recession expected in late 2024 or early 2025. The firm declared it was "time to go underweight equities." Spoiler alert: the recession never materialized, the soft-landing narrative won the day, and the S&P 500 more than doubled their catastrophic call. Today the index sits at 6,800—nearly **82% higher** than their dire prediction. Turns out calling every economic growth story a "consensus narrative that is wrong" eventually stops working. But hey, at least the "conservative" call looked smart in the pitch deck.