Here are 5 reasons why U.S. stocks will likely rally into the end of 2023, says one Wall Street veteran

Investors are growing increasingly pessimistic about the stock market. But one Wall Street veteran believes that’s a reason to start buying.

Fed’s tightening cycle is nearly done While the central bank and its chairman, Jerome Powell, have kept the door open for further interest-rate raises after lifting borrowing costs at the fastest pace since the 1980s, Adam said he suspects that the Fed’s tightening cycle likely ended with its previous rate hike in July.

Lower interest rates support stocks Rising Treasury yields have been perhaps the biggest bugbear for stocks recently. Market isn’t appreciating strong earnings The lengthy earnings recession for U.S. companies is expected to have come to an end during the third quarter. According to FactSet, S&P 500 members are on track to see earnings grow roughly 2% from the same period last year following three consecutive quarters of year-over-year contraction.

Seasonal trends look favorable September is, on average, the worst month for S&P 500 returns. Things tend to turn around after the market typically bottoms in mid-October, with the rebound typically continuing during November and December.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Stocks higher as bond markets lay tame into huge week on Wall StreetA Fed rate decision, a big week of earnings and a new Treasury borrowing statement will keep stock markets busy and test the return of global risk appetite.
Source: startelegram - 🏆 248. / 63 Read more »

Top Wall Street analysts remain optimistic about these five stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Netflix and Nvidia.
Source: NBCLA - 🏆 319. / 59 Read more »

Top Wall Street analysts remain optimistic about these five stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Netflix and Nvidia.
Source: nbcchicago - 🏆 545. / 51 Read more »

Apple earnings, Fed decision and jobs data top Wall Street week aheadInvestors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Analyst calls: All the market-moving chatter from Wall Street on Monday morningCheck out the market-moving analyst calls and latest chatter on Wall Street today.
Source: CNBC - 🏆 12. / 72 Read more »