“For the second half of the year, the range of potential market outcomes has never been wider.”
It’s been a crazy first half of 2023 as we get close to end of Q2. The Fed raised interest rates at 4 of its meetings this year, corporate earnings have declined for two consecutive quarters year-over-year (don’t worry, we “changed the definition”), a regional banking crisis led to the collapse of SVB, Signature Bank and First Republic, debt ceiling negotiations in Washington nearly led to a default on US government debt and geopolitical tensions in Europe and Asia are ongoing. Oh yeah, and we printed 13 trillion dollars from a global pandemic, which is a 35% in total money in circulation.
But the S&P 500 is up nearly 14% so far this year.
What are your thoughts on the 2nd half of 2023? Elon Musk feels very confident a recession is coming. JP Morgan and Wells Fargo have analysts predicting a new bull market is just beginning.
What a time to be alive.
[link] [comments] https://www.reddit.com/r/stocks/comments/14gegdb/as_wide_as_ever/
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