The share market is a complex and dynamic system that is influenced by many factors, such as economic growth, corporate earnings, interest rates, inflation, geopolitics, and investor sentiment. Therefore, it is difficult to predict its future performance with certainty. However, based on some of the web search results I found, here are some possible scenarios and outlooks for the share market till the end of 2023:
- According to Morningstar:- the S&P 500 is undervalued after the recent pullback in September and October, and there are opportunities to buy quality stocks at attractive prices. The report also suggests that financial services, energy, and consumer cyclical sectors are among the most undervalued, while technology and communication services are among the most overvalued.
- According to Forbes Advisor:-, the stock market may regain its momentum in October as it enters a historically favorable period. The report also warns that inflation and interest rates are still key risks that could derail the market rally. The report recommends investors to diversify their portfolios and focus on long-term goals rather than short-term fluctuations.
- According to Business Insider:-, a resilient economy is going to save the stock market with a year-end rally looking likely, according to Ed Yardeni, president of Yarden
i Research. YarDeni said that because third-quarter GDP is running ahead of analyst expectations, corporate earnings results should be strong. He also said that the bond market is not signaling a recession, and that the Fed is unlikely to raise rates aggressively. - According to Business Today:-, the BSE Sensex may hit 68,500 or 80,000 by December 2023, depending on the base case or bull case scenario, according to Morgan Stanley. The global brokerage firm believes that India’s economic recovery, corporate earnings growth, vaccination drive, and policy reforms will support the stock market. It also expects India to outperform emerging markets in 2023.
These are some of the opinions and forecasts I found on the web. However, they are not guaranteed to be accurate or reliable, and they may change over time. Therefore, you should do your own research and analysis before making any investment decisions. I hope you found this helpful