I am more than aware a lot on this sub think Q1 and Q2 of 2023 will be bad because that is when the reality sets in of how many less jobs large companies in the Dow and companies that make up the S&P 500 are going to be offering. Layoffs in droves begun a number of weeks ago and will go into overdrive by the end of Q2 2023. We all have probably seen the following that describes as pretty obvious slow down in new job hiring: https://www.philadelphiafed.org/-/media/frbp/assets/surveys-and-data/benchmark-revisions/early-benchmark-2022-q2-report.pdf.
Even with all of this in mind, the above only has to do fairly strictly with Q1 and Q2 in 2023. I am talking about the next 2 weeks – I see things going great and us rebounding between 5 to 10% by the first trading day in 2023. I did put in some orders to buy TQQQ Monday and will sell for sure either early or mid January 2023. The last handful of times the Fed pivoted we always had a 5 to 6 day window afterwards of downward trading. Followed by having a fairly nice rally, in [almost always] all 3 indexes of our market lasting at least a week after the previous 6 day downward trading. Why would this time around be any different?
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