This post was originally published on TKer.co
Stocks fell last week, with the S&P 500 declining 3.4%. The index is now up 9.9% from its October 12 closing low of 3,577.03 and down 17.9% from its January 3 closing high of 4,796.56.
Last week I published a roundup of Wall Street forecasters’ outlook for stocks in 2023.
In a nutshell, they were unusually bearish with more than half of them predicting the S&P 500 to close 2023 lower on the year.
One commonly cited risk was the expectation that…
Source link
