Market turbulence is expected to persist as the Fed is likely to continue with its rate hikes as it is yet to achieve its 2% inflation target. However, despite lingering headwinds, optimism regarding the course of this year is rising.
According to Main Street Research's Demmert, "Although there may be further weakness in the first part of 2023, we expect 2023 to end with stock prices significantly higher than today's levels."
