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Since 2022 is almost over, and most major Wall Street institutions have put out their 2023 year-end price target for the S&P 500 (SP500), we also want to give some input and present historical information to get a
S&P 500 2023: A Mixture Of The Early 2000s And 1980s?
Summary
- We think this bear market has more in common with the 1980s and early 2000s than some may think.
- Based on multiple factors and historical data, we arrive at an inflation-adjusted EPS of 171.08 for fiscal year 2023 for the S&P 500.
- We have serious concerns about the Fed over-tightening, disregarding lagging indicators, and eventually overshoot inflation and end up with both deflation and a recession.
- Our 2023 price target for the S&P 500 is 3079.44, or another 19.65% decline from current levels.
Wright's Research employs a disciplined, long-term approach rooted in contrarian thinking and unorthodox strategies. Our insights are grounded in fundamental analysis and the principles of value investing, allowing us to uncover overlooked opportunities and challenge prevailing market narratives. By prioritizing rational, forward-looking assessments, we aim to guide investors toward sustainable, value-driven decisions in an ever-evolving economic landscape.
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