Inflation is looking stickier than the FED hoped, further hiking is likely required. At this point I'm comparing to the last two financial downturns.
I'm not expecting a market bottom until rates have been cut greatly. Maybe between September 2023 and March 2024. In previous downturns bottoms did not occur until fed funds rate had already been cut greatly....
Earnings compression inbound. Energy remains elevated. Inflation is high but possibly coming down. Lots of negative headwinds but possibly a softish landing may be possible.
Predicted low of 340 in the coming months/year
