The upcoming recession will take its share. Taking into account the rising interest rates and the intended slow-down of the economy, we should bottom out next July somewhere between 3500 and 2500.
Depending on the 1.) House market 2.) Unemployment rate 3.) Stickiness of the Inflation
We might see more positive or negative scenarios inside the cone, and either a net positive ending of 2023 or a negative one.
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