U.S. stock market trend in Q1 2023
Given that the U.S. private payroll rose by 235,000, beating estimates of 153,000 and the positive gain by the stock market on 4 Jan 2023.
Where do you think the U.S. stock market will trend in Q1 of 2023?
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KB trader : Powell hinted that US labor market is facing a structural issue which I suspect is due to DT era immigration policies. Market will need to price in a higher terminal rate .. closer to 6% for now.
Mars MoooOP KB trader: