![]() ![]() “While we have seen inflation come down from its peak of over 9% to a more palatable 4%, additional unintended consequences may still come to bear.” “The prescriptive measures to tackle the inflationary hangover from COVID will take time to trickle its way through the economy,” he told us. Grant Edmunds, a certified financial planner at Compardo, Wienstroer, Conrad & Janes, says investors should closely watch the Federal Reserve. “With the Fed’s efforts, it is likely that inflation and interest rates will cool down in the coming months but the big question will lie with what happens to earnings.”Ĭlark says that if companies can maintain strong earnings it could fuel a second-half rally. “If we see solid corporate earnings come in the back half of the year along with a decrease in interest rates and inflation subsiding, it could create opportunity for investors but if one or more of these staggers, the market could be choppy,” Clark told ConsumerAffairs. But Ray Clark, global head of Market Research & Strategy at VectorVest, an analysis and trading platform, says there are three things to watch - corporate earnings, interest rates and inflation. Other market watchers share Cramer’s assessment that the second half of the year could be hard to predict. “We seem to have a narrow market, the multi-trillion winners that have the strength to carry us forward, only to be gored by those left out and those with no real staying power, the endlessly failed insurrectional rotations that are always cheered by analysts and investors who want to see a broadening of the market.” ![]() ![]() “As we head into the second half of 2023, things look very murky,” Cramer wrote in an email to investors. With the first half of the year drawing to a close, investors are eyeing the second half and are positioning their portfolios.īut where does the market go from here? Jim Cramer, host of CNBC’s “Mad Money,” notes the rally this year was mostly among tech stocks, which began to lose momentum as June draws to a close. Photo (c) Sean Gladwell - Getty ImagesWall Street rallied hard in the first six months of 2023, taking many market analysts by surprise. ![]()
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