I noted last week that there is an unusual divergence in thinking among Wall Street strategists for earnings and prices in 2023. Prices and earnings normally tend to move in the same direction. This is understandable, since anyone who watches stocks for any length of time can see that there is usually a relationship between earnings trends and stock prices. When earnings trends are rising, stocks tend to be rising as well, and vice-versa. Yet, in 2023, strategists do not seem to agree on this.
Noting that 2022 was a year "when The Impossible became Commonplace," he says 2023 "is likely to be a year when different 'Impossibles' occur — 4,150 SPX PT [Price Target] along with earnings/econ recession among them.
Corporate GREED (fancy term inflation) is a POWERFUL motivator of bonuses in the C-Suite until DEMAND destruction occurs and the really have to compete for each dollar.
You should post all the predictions about 2022 and see well those fares or flopped.
Of course when prices up people buy less
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation, recession and earnings among factors to drive U.S. stocks in 2023 By Reuters*INFLATION, RECESSION AND EARNINGS AMONG FACTORS TO DRIVE U.S. STOCKS IN 2023 - $DIA $SPY $QQQ $IWM 🇺🇸 🇺🇸 FED can be the single most factor driving them. Too fat to survive this Bear. Let's recap and have an honest look at what's ahead:
Source: Investingcom - 🏆 450. / 53 Read more »
11 predictions for money, technology, stocks and crypto for 2023While many analysts are predicting tough times for 2023, this columnist thinks the timing may just be right for the economy to 'morph into something healthy for while.' Here's codywillard's 11 financial predictions for the New Year. OPINION codywillard maybe, but I dont think that the price for oil will be so low this year.
Source: MarketWatch - 🏆 3. / 97 Read more »
Oil stocks thrust London shares to positive 2023 startUK's exporter-heavy FTSE 100 jumped to a seven-month high on Tuesday as oil stocks rallied, with majors Shell and BP putting the broader energy sector on track for its biggest single day jump in six weeks. Müsste das nicht City of London stock exchange heißen? Why don’t you put a disclaimer on articles about oil saying you don’t think it’s right that companies that conspired to kill the planet shouldn’t be traded on the stock exchange. I mean, Trump triggers you but you can’t stand up against progenitors of climate change. Pathetic
Source: Reuters - 🏆 2. / 97 Read more »