[Puppage]

Thanks, Brandon.

[Yo-Yo]

What to Expect from the Stock Market in 2023 (and what it’ll mean for your portfolio)

[Tell It Right]

If you invested into a simple S&P 500 index fund the day Brandon entered the WH, you'd have a whopping 0.2% gain for the past 2 years. Of course, adjusted for inflation it becomes a large loss.

With the S&P 500 down 20% from its ATH a year ago (Jan 3, 2022), I'm sure it's tempted to buy back in. But I believe it's got at least 20% more to drop if it follows the other long time drops in our lifetime (49% decline in 2000 took 2 and a half years to bottom, the 56% decline in 2008 took 1 and a half years). This drop took 9 months to go down 20% from its ATH from January 2022 to October 2022. IMHO that makes it unlike the quick 30% drops in 1987 and 2020 that took only a few months then rocketed back up.

[EEGator]

[spokeshave]

Gold up another $16 this morning.

[V_TWIN]

2023 stock market at a glance:

[Theoria]

[SaxxonWoods]

I agree in general with this take. The Bond Market calls the shots, the FED reacts. Imagine the FED as a rancher trying to get a bull into a pen. He can’t really take on the bull, he just tries to get it headed in right direction and hope it goes into the pen.

I’ve been 5 recessions and every one was the End of the World, especially 2008.

Then they ended and the next boom began. It’s all about riding the waves. It is a much better system than central planning.

[mykroar]

On a related note, Cramer came out against Crypto, so that is likely to come back. LOL