"Overall, we're bullish on the equity market moving into February, as well as for the full year 2023," Greg Bassuk, chief executive officer at AXS Investments, told Insider."But rather than anticipating a straight trajectory upward, we think that with a combination of mixed corporate earnings results ... with likely mixed economic data, it'll be a little bit more choppy and volatile.
Bassuk said the US economy looks likely to avoid a recession but a flare-up in inflationary pressures remains a risk, he said. "Whether inflation has peaked or not, the fact is that prices remain elevated. That's going to hamper everything from consumer spending to corporate margins until prices ease a bit," he said."[That] is another factor that could infuse some hiccups and choppiness in the short-term equity markets."
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Stock market news today: Nasdaq heads for big January gainStocks edge higher as investors wrap up strong January ahead of Fed decision and high-profile earnings
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