My stock market 2023 forecast has me eyeing up a move higher in the stock market in early 2023. But, inevitably the stock market will falter significantly in 2023 and I expect the stock market to sell off in very late 2023 and in to 2024. The stock market for 2023 is going to perform well at first. Eventually, however, the stock market will sell off in 2023 because inflation will push the federal reserve to continually increase interest rates forcing the economy to contract more and more. Watch for inflation in 2023 and how the stock market reacts to economic data all throughout 2023. As economic data begins to weaken from a contracting economy, the stock market will move higher and higher as investors begin to think that the federal reserve is done with its work of raising interest rates in 2023. Then, the stock market in 2023 will move higher. However, I expect that inflation will continue to be stubborn and the 2% inflation target rate of the federal reserve will not easily materialize and the federal reserve is going to have to increase interest rates more. This will continually push the stock market lower throughout 2023 and into 2024. The economy will contract significantly.
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