History shows back-to-back losing years for the stocks are rare — but the size of the market’s drop in 2022 with no sign the Federal Reserve is ready to ride to the rescue means investors should beware, analysts warned.
With just a handful of trading days left in what is shaping up to be the worst year for the U.S. stock market in over a decade, the S&P 500 index is on track to close out the year down more than 18%. But the market’s performance after posting a double-digit percentage drop has been less straightforward.
She argued that there would likely need to be another major economic or geopolitical crisis for the S&P 500 to fall for a second consecutive year in 2023. However, help from the Federal Reserve in the form of lowering interest rates or a rise in federal government spending would be crucial for a bounce in the U.S. equities after a hard year.
See: Wall Street’s stock-market forecasts for 2022 were off by the widest margin since 2008: Will next year be any different? Victoria Fernandez, chief market strategist at Crossmark Global Investments, thinks the Fed is going to let the market work through the “shallow recession” in 2023 and not immediately jump in and cut rates.
Yeah and there trying to push the Omni bus and Zelenskys begging for more!!!!