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S&P 500 is most likely going to correct back to 4,100, Mizuho warns market bulls

Por: MarketWatch Politics July 12, 2023

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But with the Fed still penciling in two more potential rate hikes for 2023, as elements of inflation remain “sticky,” (see chart) or tough to cool, the Mizuho team thinks the result will be more damage on the economy than investors currently expect, while the central bank works to bring the cost of living back down it 2% yearly target. Hard to tame elements of inflation still have the Federal Reserve in a sticky situation that could pull... + full article



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