Could there be a stock market crash in 2023?

Tiger_AU
2022-12-28
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Hi Aussie

2022 has been another eventful year for the ASX share market. Is 2023 going to calm down or is there further volatility ahead with another stock market crash? I  would like to invite you to  share your opinion about market performance in 2023,and you will win Tiger Coins.

Despite such a tough time, the S&P/ASX 200 Index (ASX: XJO) has been up approximately 10% over the past three months. The benchmark $S&P/ASX 200(XJO.AU)$ has fallen 4.5% so far in 2022, beating 19% declines across the S&P 500 and the MSCI Asia Pacific Index.

Due to a global price surge sparked by the war in Ukraine, coal and oil stocks topped the advancers on the index. Technology and real estate shares languished near the bottom as rising interest rates and inflationary pressures weighed on the sectors.

Looking ahead, “resource stocks are set to benefit from the China re-opening theme in the early months of 2023,” said Jason Steed, head of Australian equity research at JPMorgan Chase & Co. “Further into the year, however, the fading of China re-opening impetus and wider global recession fears will drag on the miners.”

What do you think of the stock market performance in 2023?

💡Share Your Insights

Please leave a message in the comments section of this post, share your opinion about ASX market performance in 2023.

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⏰Activity Duration

From 28 December 2022 to 4 January 2023

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Comments

  • Mrzorro
    2022-12-29
    Mrzorro
    Win 100 Tiger-coins
    I think 2023 will be another challenging year. The market could enter a mild recession by the end of next year as higher interest rates slow demand for goods, services and the workers to produce them.
  • Aqa
    2022-12-29
    Aqa
    Win 100 Tiger-coins
    Indeed 2️⃣0️⃣2️⃣2️⃣ has been volatile for the 🇦🇺Australian stock market.$S&P/ASX 200(XJO.AU)$ managed to gain 10% overthr past 3 months & it is at its Pre-Covid level now. Volatility could continue into 2️⃣0️⃣2️⃣3️⃣ because of the extension of high inflation rate, higher interest rates & the possibility of a global recession. The market may be down a bit more with more negative impacts on the economy and lower profits. But it may already seen the worst because investors are usually forward-looking with stock valuations. The ASX is dominated by miners and banking shares. Miners could benefit from strengthening prices with the China reopening, while ASX bank stocks’ profitability could increase during 2023 with higher interest rates (in the short term at least). I recommend $COMMONWEALTH BANK OF AUSTRAL(CBA.AU)$[USD][Call]🌟🌟Thanks @Tiger_AU @Universe宇宙 @Fenger1188 @LMSunshine @koolgal @GoodLife99 @melson @SR050321 @rL @SirBahamut @MHh @Jadenkho @b1uesky @pekss @StickyRice @SPOT_ON
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  • LMSunshine
    2022-12-29
    LMSunshine
    Win 100 Tiger-coins
    The 🇦🇺 stock market has a lesser chance of crashing as compared to 🇺🇸 as 🇦🇺 has less probability of entering a recession ➡️ 🇦🇺 does not have high wages like 🇺🇸 which will push inflation higher. Thus far, 🇦🇺 has also been better at bringing down inflation as compared to 🇺🇸 Resource stocks will face some challenge as demand will reduce as 🇨🇳 Covid🦠 number surges, but once 🇨🇳 flattens tge curve, ASX resource stocks may recover🤓 Thanks loads @Tiger_AU for the interesting discussion topic, appreciate it loads❣️
  • SirBahamut
    2022-12-29
    SirBahamut
    Win 100 Tiger-coins
    Australia is similar to other markets; they will all face the same risk: inflation, interest rate hike and global recession. So yes, Australia definitely has room to fall further!


    I think the China re-opening theme will not work out well for AU. Chinese government will definitely try its best to ensure consumption speding is circulated within its own economy, not flow out to other countries.
  • lalacck
    2022-12-29
    lalacck
    Win 100 Tiger-coins
    I agree with the insightful comments. China reopening does not necessarily guarantee a boost for our resource industry as they tread the path ahead with care.
  • Ah_Meng
    2022-12-29
    Ah_Meng
    Win 100 Tiger-coins
    Australian market has most of the time follow the directions of the US market. US market will see increasing volatility and maybe a market crash in the raising rate environment going into a recession. ASX on the other hand, is likely to see the same volatility. The difference is that the market is likely to be supported by China. China market seems to be coming off from a low and likely to experience some improvement as COVID restrictions ease. This will lead to improvement in resources demand, thus helping the resources heavy ASX. Having said that, ASX will continue to face pressure and go into a gradual downtrend with constant volatility in both directions. It is going to be a challenging year ahead but I don't see an imminent crash in ASX.
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