Showing posts with label 2023. Show all posts
Showing posts with label 2023. Show all posts

Sunday, January 8, 2023

It is early in the game, but "Unprecedented" has jumped to an enormous lead to be 2023's "Word of the Year".........

 We live in unprecedented times. The recession in 2020 was not so much a recession as it was a lockdown. Using “normal words” to describe the economy in the last 3 years, we believe, does not make sense. 

-Brian Wesbury

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