Whither the market in 2023.......?

 The only Wall Street strategist-type forecast I’m willing to make is this: The stock market will have a correction in 2023.

I’m not exactly going out on a limb here for one simple reason — the stock market has a correction every year.

My work shows over the past 100 years or so just 5% of all trading days experience an all-time high for the U.S. stock market. Invert that data and that means 95% of the time as a stock market investor is spent in a state of drawdown from an all-time high.

The stock market cannot go up every single day. In fact, historically the stock market is only up on roughly 55% of all days that it’s open and down on the other 45% of days.

-Ben Carlson