US Stock Market Outlook After 2022 End-of-Year Low |
| Published Jan 09 '23. Last edited Mar 02 '23 |
Uncertainty #sp500 #stickyinflation
Breakdown on 20230221 of #SP500 and DOW and NASDAQ confirmed end of bull leg since early January and start of a bear leg down at least until mid-March. The breakdown is driven by sharp rise of 10-year Treasury Yield (rose 3%+ on 2/21), which proved correctness of prediction of #StickyInflation.
Prediction on 20230204: expect this round of bull run of #SP500 to peak at around 4250-4300 level around mid or end of Feb.
Related Uncertainty: US Stock Market Outlook for Full Year 2023
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