Stock Market Outlook: Stocks Could See 'Amazingly Strong' As Fed Eases
Market sentiment and uncertainty over Fed policy is set to improve next year, which could give an big boost to stocks, Jim Paulsen said.
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Market sentiment and uncertainty over Fed policy is set to improve next year, which could give an big boost to stocks, Jim Paulsen said.
The market is in the midst of a technical rally that could last through Thanksgiving, and an end to the bear market may be in sight by early 2023.
A pause in rate hikes could lead stocks exceed the rally seen in July, when investors had first started hoping the Fed would pivot from its rate hikes.
The S&P 500 jumped 4.7% last week — and top Fed policymakers' recent warnings could help the US stock rally to continue, UBS' investment chief said.
"Those parallels suggest it may not be necessary to see the Fed having eased substantially or inflation at the bottom for the Dollar to peak."