On this week’s episode of the Mullooly Asset Podcast, Casey, Tim, and Tom discuss price targets for 2023 and the Santa Claus rally. Almost every large national bank analyst makes a price target at the end of the year for the coming year, but are they really worthwhile? What do these targets even mean? And are they useful for the everyday investor?
They also discuss a term called the “Santa Claus” rally, where it came from, what it means, and if it holds any sort of significance in today’s market environment.
Tune in to hear the latest!
‘Wall Street’s 2023 Outlook For Stocks’ – Sam Ro – TKer
‘When Does the Santa Claus Rally Start?’ – Ryan Detrick – Carson Group
Making Predictions for 2023
Check back soon for a full downloadable PDF version of this podcast!