JennyManyDots
JennyManyDots

@jenstilmanydots

4 تغريدة Apr 03, 2023
A Second-Half Stock-Market Rally Is Still in Play Despite Rout
Fed pause seen in July, setting stage for potential gains
S&P 500’s uptrend that started last fall continues even with the index losing 2.6% this month. (1/4)
bloomberg.com
Market slump may be discouraging, but it shouldn’t be a shock based on historical patterns. Over the past 25 years, Feb has been among the worst months for the S&P 500, averaging a loss of 0.4%. The benchmark gauge is down 2.6% this month after leaping 6.2% in January.
Ryan Detrick, chief market strategist at Carson Group, is sticking with his bet that the US economy will skirt an economic downturn
“The stage is still set for the US economy to accelerate in the second half of the year on a strong consumer. That would be a boon for equities.”
Baird: bull case for stocks is still in place as long as Fed remains on the path it set last year “Inflation is never going to fall in a straight line after peaking” Would require a full quarter of hotter-than-expected inflation & jobs data for Fed to dramatically raise rates.

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