2 Question Tuesday – 12/20/2022 – Will S&P Fall to 3,000 In The 1st Quarter & How Are Retail Sales This Holiday Season?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Will S&P 500 fall to 3,000 in the first quarter?
- How are retail sales this holiday season?
Phil, Mike, and Larry discuss the market’s decline over the past two weeks and a new report from Morgan Stanley that predicts the S&P 500 will tumble to a low of 3000 in the first quarter of 2023. They then discuss what retail sales look like this holiday season. Why are inventories so high and what does this portend for the economy as we enter the new year?
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.