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.
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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
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