“Prepare for the S&P 500 to plunge 23% by mid-2024 – and the US economy to sink into recession, JPMorgan’s top charts guru says”
December 8, 2023
“…The stock market is mistakenly pricing in a “soft landing” for the US economy, where the Federal Reserve succeeds in crushing inflation without causing a recession, Jason Hunter told CNBC’s “Squawk Box” on Monday. But investors will soon realize the outlook is darker than they thought, sparking a sell-off in stocks, the bank’s head of technical strategy said…
The Fed has hiked interest rates from nearly zero last spring to north of 5% today in a bid to curb historic inflation. Many stock investors are betting the US central bank will cut rates next year, boosting asset prices and stimulating growth. However, they may be too optimistic as the Fed is unlikely to loosen its monetary policy until the economy cools…”
https://finance.yahoo.com/news/prepare-p-500-plunge-23-204729749.html
I doubt they will cut rates as well.