Applying the 2023 Forecast #2
Here to me are the highlights of our Forecast.
- Interest rates are the focus point for the markets, especially stocks.
- Key fact, the interest rate increases and QT which started in 2022 have made the economy more efficient. Money is not playing games, it is being put to work. Historical research of rising rates effects confirm.
- Traders are ignoring this factor as better than expected employment numbers and GDP move forward.
- Today the Atlanta FED confirmed a 3.8% estimate for the fourth quarter. So, let’s see what tomorrow’s employment numbers show.