Posted 10/9/2023, 7:23:00 PM
Stock Market Poised to Rally as Economy Strengthens, Earnings Rebound, and Fed Pauses Rate Hikes
- A bullish stock market formula is brewing as GDP grows, earnings improve, and the Fed pauses rate hikes
- The Nasdaq 100 is closely tracking its 1999 performance, according to a JPMorgan chart
- Positive GDP growth, rising earnings, and a paused Fed typically leads to higher stock prices
- Investors see little chance of a rate hike in 2023 or early 2024 as the economy strengthens
- Earnings estimates have been trending higher in recent weeks, suggesting corporate profits have bottomed