S&P 500:
• The S&P 500 is expected to remain in a bullish trend for the majority of 2023, with the index likely to remain above its all-time high of 3,861.
• Investors should expect the benchmark index to remain volatile throughout the year, with the potential for a number of pullbacks throughout the year.
• The S&P 500 is expected to hit a new all-time high sometime in 2023, with the potential for the index to reach 4,000 or higher by year-end.
• The index is expected to be driven by a combination of positive economic data, corporate earnings growth, and continued positive sentiment from investors.
Nasdaq Composite:
• The Nasdaq Composite is expected to remain in a bullish trend for the majority of 2023, with the index likely to remain above its all-time high of 13,042.
• Investors should expect the benchmark index to remain volatile throughout the year, with the potential for a number of pullbacks throughout the year.
• The Nasdaq Composite is expected to hit a new all-time high sometime in 2023, with the potential for the index to reach 14,000 or higher by year-end.
• The index is expected to be driven by a combination of strong technology sector performance, strong earnings growth, and continued positive sentiment from investors.