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Since 2022 is almost over, and most major Wall Street institutions have put out their 2023 year-end price target for the S&P 500 (SP500), we also want to give some input and present historical information to get a grip on where the economy is headed. Although we must add the caveat that even making 1-year forecasts can be greatly clouded by market irrationality, and can become far removed from true intrinsic value.
In this article, we tell you why we think 2023 may have more in common with the early 2000s and 1980s than some think, and where the S&P 500 (SPY) could be headed in 2023. We will also give our detailed FY 2023 forecast.
Our analysis is based on a few factors:
- Bonds, Yields & Inflation
- The Buffett Indicator
- S&P 500 Historical Earnings
- Technical Analysis
- Other Factors
Bonds, Yields & Inflation
First, a topic on everyone’s mind lately: inflation. While there is much talk about the general meaning of inflation, we…
