Markets are off to a hot start in 2023 with growth assets taking the lead so far. Inflation has been cooling and the Fed is expected to slow its relentless hiking campaign which has set up growth assets for a nice rally.
So far the tech have NASDAQ is up 12% this year followed by the Russell 2000 small-cap index. The S&P 500 is up more than 6% while the value heavy Dow is only up 2.54%.
The stars are aligning for a stock market rally. Let’s see if markets can sustain a rally into February even with the upcoming Fed Meeting on 2/1 where the Fed is expected to raise the benchmark lending rate to 4.75% from 4.5%.
Stay tuned!
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