Posted 11/22/2023, 11:08:00 AM
Markets Seen Facing More Volatility in 2023 Despite Year-End Rally
- Recent stock and bond rally seen as temporary year-end rebound, not a turning point due to economic concerns
- Investors worry about impact of interest rate hikes and quantitative tightening on growth in 2023
- U.S. presidential election in 2024 could spark more market volatility
- Tech stock gains dependent on showing how AI can boost earnings, not just lower yields
- Strategists see S&P 500 ending 2023 only 3% above current levels amid recession worries