Grantham Expects S&P 500 to Tank 27%, Recession, More Financial Chaos
#bearish on #sp500, expect it to drop at least 27% to 3000 Predicted By Jeremy Grantham.
US Stock Market Outlook for Full Year 2023 |
| Published Nov 14 '22. Last edited Mar 21 '23 |
Uncertainty #sp500
Update on 20230131: As I think about how long will the current bull market of #SP500 will last before it peaks and starts to drop due to start of earning recession that is predicted by inverted yield curve, the bullish trifecta signal of #SP500 this year leads me to predict one of these 2 scenarios will play out, both scenarios assumes #SP500 will end this year at about 20% higher than YE 2022:
Prediction as of 20230124: In the year of 2022, US stock market was driven by inflation data and major market turns happened in the range of 10-20th days of months, because government CPI data is released around that time every month. It is expected that inflation data and ensuing Feds rate decision to still be major forces that will move US stock market in the year of 2023, so we need to watch market actions around CPI release dates closely in next couple of months.
#bearish on #sp500, expect it to drop at least 27% to 3000 Predicted By Jeremy Grantham.
#Bearish on #SP500, expect it to drop to 3200 this year Predicted By Jeffrey Gundlach, CEO at DoubleLine Capital.
#bearish prediction on #sp500 to reach 3100 Predicted By Leon Cooperman.
#Bullish #Indicator: Historically, #SP500 bear market bottoms when #UnemploymentRate was in the middle or late stage of its ascending process.
We can use the following #indicator to monitor how much more is left in current bull market of #SP500
Short term #bearish on #SP500 and #USDollar Predicted By Jack Ablin, founding partner and CIO at Cresset Capital.
#Bearish predicting #SP500 to drop below 3500 this year Predicted By Mohammed Apabhai.
Trifecta of 3 signals from 3 indicators are telling us US Economy will enter #recession soon Predicted By Game of Trades.
The only question now is how long will the current window of opportunity for bull run of #SP500 and US stocks last? The answer to that question hinges on whether US economy recession will start in later half of 2023.
target prices on #SP500 this year, overall #bearish
#Bearish predicting #SP500 to drop 20% this year because consensus earnings prediction is 20% too optimistic. #OverlyOptimisticEarningEstimate Predicted By Michael Wilson, Morgan Stanley.
#Bearish on #SP500 because it's too #CrowdedTrade Predicted By Savita Subramanian, Bank of America.
#Bearish predicting #SP500 to return -6% per year in next decade and drop to 1500 eventually. Predicted By John Hussman. 3 Need login or sign up to read prediction basis. .
#SP500 will see #bearish and #bullish swings of 20% this year to reach downside risk of 3400 and upside target of 4200 Predicted By Chris Harvey, Wells Fargo. 1 Need login or sign up to read prediction basis.
At 3800 level currently in early January, have a #bearish view on #SP500 for the year of 2023, predicting chances of it stay between the range of 3600 and 4400 is 50%, and chances it go to lower 3000s range is 45% and only 5% chance it will go above 4400. Predicted By Leon Cooperman.
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