S&P 500 to go down another 12%? Market Crash, Inflation, Fed Rate Hikes
Channel: DanMarket Investor Channel (DanMarketL)
Date: 27/02/2023

The CPI, PPI, and PCE inflation indices have been very high for January. If the MoM inflation rate is 0.5%, the YoY rate will be 6%, which is much higher than the 2% YoY PCE inflation target set by the federal reserve banks. With inflation still so high, I expect the Fed to continue increasing interest rates in March, May and June. That means the stock market might go down and retest the bottom establish on 10/13/2023. If that happens, S&P 500 will be 12% below today’s level.

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