Persistent inflation and the Fed’s subsequent aggressive interest rate hikes to tame it have affected the stock market significantly this year.
However, investment professionals surveyed in Bankrate’s Fourth-Quarter Market Mavens survey see some relief coming investors’ way in 2023. The analysts expect the S&P 500 to increase by 8% over the next 12 months. Moreover, analysts expect the S&P 500’s earnings to rise 4.4% in 2023, according to Refinitiv IBES.
