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The era of liquidity-induced gains is over, and the S&P 500 will just eke out a modest gain next year as the market struggles against Fed messaging, BMO says
1 month ago | By Business Insider
A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE on May 9, 2022. Michael Nagle/Xinhua via Getty Images
BMO Capital Markets sees a modest gain for the S&P 500 in 2023 but investors will likely travel a rough road to get there.
The market's groundwork is an "ongoing tug-of-war between Fed messaging and market expectations."
BMO said investors are likely seeing the days of liquidity-induced gains behind them.
The S&P 500 may travel higher in 2023 but the gain may be modest and the path to get there uneven as investors continue to navigate...
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