[Altos Weekly Traders Edge] S&P 500's Trajectory and More..Details Inside

[The Most Powerful Patterns in the Stock Market]( These 5 unique patterns have proven to be incredibly historically accurate. Most investors have no idea which price patterns work and which don’t… And it may SHOCK you when you see which one performs best. [LEARN THIS TODAY]( By clicking the link above you agree to periodic updates from WealthPress and its partners ([privacy policy]( Predicting the Unpredictable: The S&P’s Second Half of 2023 Weekly Market Overview Hi Traders, What's the S&P's trajectory for 2023's latter half? So far, the major index has slipped 1% in July, following a reduction the week concluding July 6 due to a holiday-shortened trading week. Market forecasts, as always, are split. The impending July 12 Consumer Price Index might indicate milder inflation than expected, potentially deterring the Federal Reserve from rate hikes. This scenario might propel stocks. On the contrary, other investors predict that market dips could arise from profit warnings. Forecasts for 2023 have been challenging. Most market predictors assumed an almost certain global recession, with bonds becoming the fallback option as equities plummeted. The anticipated cooling of the buoyant employment and housing markets, causing the Fed to pause interest rate hikes, was supposed to trigger a market rebound, starting this quarter. But that prediction fell flat. Diverging 2H Predictions Among Analysts Currently, after the S&P 500 saw a 6.47% rise in June, and an early July slowdown, analysts are divided on whether poor profit forecasts will hamper the tech surge from the year's first half or if unexpected robust earnings will sustain the S&P 500 rally. One statistical likelihood is a positive 2023, as historical trends indicate, following the S&P's 2022 decline. However, the path to December 31 is laden with differing opinions. Considering the 15.63% rally so far this year, a correction, even slight, wouldn't shock. This is where historical market patterns offer insights. Corrections Within a Prolonged Rally Are Typical In 2021, the S&P marked a 26.44% increase. It experienced several dips during this trajectory. Particularly in September and October, it finished under its 10-week average for numerous weeks, as displayed on the SPDR S&P 500 ETF Trust NYSEARCA: SPY graph. Remember, an S&P dip is not a signal for panic. Corrections within bull markets are not out of the ordinary. In a July 6 report, Bank of America strategist Savita Subramanian noted company-specific factors are increasingly influencing stock performance variances. She also highlighted that breadth, formerly constricted in the year's first half, is now broadening. She reported that 50% of stocks outperformed the S&P 500 last month, a leap from 23% in May. Analysts aren't the only ones debating potential market or economic directions. In earnings statements, companies still mention economic challenges, even if they exceed revenue and earnings expectations and raise their forecasts. Given uncertainties about interest rates and possible recession, it's sensible that companies would wish to manage investor anticipations, even if they're anticipating a robust second half. On July 10, FactSet's John Butters analyzed data indicating the highest number of S&P companies since Q3 2023 offering positive earnings guidance. Bulls & Bears Can Both Find Ground This could appear optimistic, right? But pessimistic perspectives could emerge from scrutinizing the numbers. FactSet's post mentions, "As of today, 113 S&P 500 companies have issued EPS guidance for Q2 … Of these companies, 67 have issued negative EPS guidance, and 46 have issued positive EPS guidance.” There's certainly space for both bullish and bearish arguments. Eventually, while entertaining, predictions are not a solid basis for decision-making. What we've realized over the past three-and-a-half years (and even before) is the constant flux of circumstances. Never forget: Earnings and revenue growth are price performance drivers. Charts, not personal or external views, reveal the market's reality. Above all: A market downturn is rarely followed by another. Though not unheard of, historical patterns suggest the S&P ending 2023 positively. - The Team at Altos Trading Couldn't catch this week's live Market Overview? No worries, we've got you covered with the recording! Returning after a 2-week break due to Fourth of July celebrations, Jeff and Richard talk about the crucial economic data to in the pipeline this week, which dictate market direction to start the 2nd half of the year. Our Weekly Market Overview is an open session we conduct for everyone, featuring our renowned Q&A segment that enables audience members to partake and inquire about any market-related topic they wish. We extend an invitation for you to join us for these live sessions every Tuesday night. However, if your schedule doesn't permit, we ensure the videos are available for you each Wednesday afternoon for your convenience, enabling you to catch up on what you missed. This week our topics were... - Market Overview - Mapping Out Key Levels - Review 36 Month MA - Key Economic Events This Week - Q & A Ticker Roundtable [CLICK HERE TO WATCH THE FREE REPLAY]( Sponsored [Maximize Your Returns with the Best Stock of 2023]( We are excited to present you with an incredible investment opportunity that promises resilience and substantial growth in the years to come. Our dedicated research team has awarded this recession-proof company with our highest rating, making it a valuable addition to any portfolio.[Go HERE to Learn More]( By clicking this link you are subscribing to The Daily Stock Watcher Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA [Unsubscribe]( | [Change Subscriber Options](