Will S&P500 continue to have a strong second half of 2023?
07/04/2023 •
Yes — The majority of viewpoints suggest a continuing positive trend for the S&P500 in the second half of 2023 based on the stock market's resilience, historical trends, and positive predictions.
Stats
| 68% | 133 | |
| 16% | 32 | Mastodon |
| 15% | 30 |
| 50% | Neutral |
| 33% | Positive |
| 17% | Negative |
| 52% | 😃 Joy |
| 48% | 😱 Fear |
| 0% | 😢 Sadness |
| 0% | 🥰 Love |
| 0% | 😡 Anger |
| 0% | 😯 Surprise |
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Story
- There's disagreement on whether the S&P500 is overvalued or not. Some commentators argue that its current P/E ratio of 25.32 indicates severe overvaluation, a possible signal for future underperformance. However, others suggest that stocks have shown resilience in spite of overvaluation concerns, with the Volatility Index ($VIX) reaching new lows.
- The S&P500's performance in the first half of 2023 is being seen by many as an indicator of its performance in the second half. Some point to a statistical trend where strong performance in the first half of a year tends to continue in the second half. However, other voices suggest that continuous quarterly gains are unusual in bear markets.
- Opinions differ on the drivers of the S&P500's performance. Some individuals attribute the index's performance to the resilience of the market and certain market factors such as the anticipated Fed cuts, AI boom, and Fear of Missing Out (FOMO). On the other hand, there are voices suggesting that the S&P500's performance has been heavily dependent on a few tech stocks.
- The market's reaction to recent earnings reports has sparked debate. Some highlight a decline in earnings for two consecutive quarters in Q1 2023 as a possible indicator of future performance. However, others argue that this does not necessarily indicate a negative outlook for the future.
- Future predictions for the S&P500 vary widely. Some forecast that the S&P500 will reach all-time highs by September-October 2023, while others, like Bank of America, are adjusting their year-end predictions upward. However, there is still some level of skepticism, with some pointing to alternative investments like Bitcoin outperforming the index.
- The first half of 2023 has seen a bullish trend in the S&P500, with the index up 20% from its low in October. This trend is interpreted by some as an indication of further gains in the second half of the year.
- The top 10 performing stocks in the S&P500 during the first half of 2023 have sparked interest and are viewed by some as indicators of potential index performance in the second half.
- There is a general consensus that the S&P500 has had a strong start to 2023, outperforming expectations and gaining over 15%.