The Housing Outlook for 2023
The Housing Outlook for 2023. Don’t expect any real recovery in housing until at least late 2023 or early 2024.
The Housing Outlook for 2023. Don’t expect any real recovery in housing until at least late 2023 or early 2024.
Still Unprecedented. What a difference a year makes!
S&P 3,900 – Dow 33,000. Predicting stock values in 2023 is tough. Unprecedented actions during COVID leaves a wide range of possible outcomes.
A Plow Horse with Shin Splints... Look for a recession to start in the second half of 2023, with some possibility of it starting earlier in 2023 and some possibility of a delay until early 2024. Until then, expect mediocre economic growth.
This Rally Shouldn’t Last. It’s that special time of the year...Many pundits are going to make sweeping conclusions about the economy based on these very limited reports.
The Aftermath Economy. We will forever believe that locking down the economy for COVID-19 was a massive mistake. In other words, the US enters the decades ahead with more debt, less spending power, an undereducated population, and less petroleum put aside for national defense. The US has made the future riskier.
Democrats Overperform. Remember: whether you’ve been cheering or jeering the election results, don’t let that cloud your investing judgement.
Beware a “Gridlock Rally”. Gridlock has been good for stock market investors in the past few decades, particularly when there’s been a Democratic president and the Republicans in control of at least one house of Congress.
Drop in Budget Deficit is a “Sugar High”. Look for bigger budget deficits in the next few years as the revenue “sugar high” wears off.
The Last Hurrah? An economic storm is coming. The sun is still shining today, but, with almost all the net growth in Q3 coming from the trade sector, the clouds are forming on the horizon.