Gains in the first week of 2023 suggest stocks could see at least 20% upside through this year, Fundstrat says
The stock market is poised for big gains in 2023 after the first four days of the year saw a gain of 1.4%, according to a Monday note fromA historical analysis from Fundstrat found that so goes the first week of the year, so goes the rest of the year for the stock market, on average."Our work suggests odds increasing [that] equities will produce more than 20% gains in 2023," Lee said. has seen gains of 1.
"This is another set of analytics supporting equities could rise 20% in 2023," Lee said. A gain of 23% this year would send the S&P 500 to Lee's year-end price target of 4,750. "This is so counter to consensus, which is looking for 'flat markets' marked by a steep decline in the first half of 2023, followed by a rally only in the second half of the year," Lee said.the Federal Reserve would have good reason to end its interest rate hikes, which could be supportive of stock prices.
and that means market consensus could be way off with its 2023 expectations for what the Fed is going to do. "We think this points to a Fed that will be more 'dovish' versus consensus in [the] coming months. And in turn, lowers equity and bond volatility. This then means equities can gain more than 20% in 2023," Lee said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Nancy Pelosi's portfolio plunged 20% in 2022 stock market crash'Queen of Stonks' Nancy Pelosi's portfolio of stocks plunged 20% last year – meaning she even underperformed funds that track the struggling S&P 500
Consulte Mais informação »
Bank of America double upgrades Zillow, says stock can rise 20% on improved growth outlookThe firm expects that cooling home prices could boost the stock in 2024.
Consulte Mais informação »
MCD Stock Price | McDonald's Corp. Stock Quote (U.S.: NYSE) | MarketWatchMCD | Complete McDonald's Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Consulte Mais informação »
Torrey Craig, Ish Wainright say struggling Suns remain among teams to beat in WestThe Phoenix Suns (20-20) have fallen from Western conference's first to ninth place since December began, and are in a five-game losing skid.
Consulte Mais informação »
Congress has failed over 20 years to reform immigration: here's a timelineHere's a timeline of Congress' failure on immigration since President Bill Clinton left office:
Consulte Mais informação »