S&P500 (black) and QQQ i.e. Nasdaq-100 (orange), 22 Dec 2022 through 23 Dec 2023; courtesy BigCharts
Forecasters’ December 2022 predictions
On 20 December 2022, Bloomberg published the results of their annual survey of prominent market forecasters. The consensus: “Investors ready to turn the page on the worst year for equities since the global financial crisis should brace for more pain heading into 2023.”
In particular, the average target of 22 forecasters canvassed by Bloomberg on 20 Dec 2022 was that the S&P500 index of U.S. stocks would close December 2023 at 4078, or in other words with
Continue reading 2023: Another miserable year for market forecasters