2023 H1 Recap | Goldman & JPM Are Wrong in 2023 Outlooks?
@Tiger_comments：
As we approach the end of the June, some investors begin to forecast the stock market in the next half. Let’s look back at how we did the analysis at the beginning of the 2023.Most retail investors gained information by reading the report and outlooks released by institutions. Let’s find out if Goldman Sachs and JPMorgan are right or wrong in forecasting economy and stock market in 2023. The source are from Goldman and JPMorgan’s official website.Both of them are wrong at predicting the stock market trends in the first half as $S&P 500(.SPX)$ are trading at 4300.They are also wrong in terms of interest rates and inflation. The benchmark rate is now at the range of 5%-5.25% and the market is expecting at least another 25bps.May CPI is 4%, highe