Tag: weekly market forecast

(31 December 2022) Stocks ended the year on a down note on fears of declining corporate earnings and the risk of a Fed-induced recession.  The S&P 500 ended the week fractionally lower at 3839 while the Nasdaq-100 finished at 10,939.   While this bearish outcome was generally in line with expectations, the week unfolded in somewhat surprising and frustrating ways, especially Thursday’s rally after the apparently bearish Mercury retrograde station.  As it happened, all the downside occurred with the Mars-Uranus/Saturn-Pluto alignment just before Mercury turned retrograde, as the Thursday morning...