From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
So much for a Santa Claus rally — at least for this past week (i.e., DJIA: -2.77%, S&P 500: -3.77%, Nasdaq: -3.99%). The Federal Reserve will announce its December interest rate hike (of, presumably, 0.50%) this coming Wednesday. Based on recent data, the consumer continues to spend. Between that and rising wages due to labor shortages, the Fed may be forced to stay the course of higher interest rates for longer. How will that impact the stock and bond markets in 2023? BlackRock’s 2023 Global Outlook provides an interesting playbook. For those that don’t wish to get too granular, focus on pages 2, 14 and 15 of the link below.
Tis’ the season to be jolly but also the time of the year when analysts’ forecasts become most prevalent. Always remember, you can never be wrong if you don’t have an opinion! Thus, we have brought to you Capital Group’s “US market outlook for 2023.” It offers some interesting perspective as we navigate through these rough seas. Take a look.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
BlackRock:
Capital Group:
Goldman Sachs:
J.P. Morgan Asset Management:
Northern Trust:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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