Expert Warns Stock Market Due for 'Santa Hangover' Sell-Off in January as Economic Contraction Likely in 2023
-
Equity market looks overbought and sentiment is complacent; a "Santa hangover" sell-off in January looks likely
-
The economy is much more fragile than it appears based on recent data
-
Aggressive Fed rate hikes are starting to negatively impact households and lending
-
We have been in a "soft landing" transition phase in 2022, but an economic contraction is likely in 2023
-
Delayed impacts of rate hikes and growth headwinds from fiscal stimulus will spur a downturn next year