We would like to close our Bearish views on S&P 500 at 1921 for the next 6-12 months as of February 24, 2016 (Link). Fed did hike only once in 2016. We closed our prediction on S&P 500 at 2,396 on March 2, 2017. We were very much wrong on the direction of S&P 500 and the bearish call on it. This reminds us that we should always be humble and markets are always right.