From Quiver Quantitative:

The year 2023 defied Wall Street predictions, with a significant stock rally despite projections of a recession and falling stocks. The S&P 500 and Nasdaq 100 both saw significant gains, and Treasury yields remained stable despite forecasts of rising. Financial institutions predicted a US recession, falling stocks, and rising Treasury yields, all of which failed to materialize. 2023’s market dynamics have Wall Street strategists recalibrating their forecasts. Despite the market’s bullish performance, analysts remain cautious due to potential recessionary prospects and overall market uncertainty.



Read more: Wall Street Misses Unexpected Bull Market in 2023