A Bull Market Is Coming: 1 Hot Growth Stock to Buy Hand Over Fist Before It Soars 49%, According to Wall Street
2022 saw the S&P 500 index lose close to 20% of its value as the Federal Reserve hiked interest rates in an effort to get outsized inflation under control. 2023 has so far seen the stock market make some real efforts at recovering some of those losses. By the end of the year, don't be surprised to see the market hit new highs if the Fed succeeds in tamping down inflation and stops raising rates.
A Reuters poll suggests the market sentiment is that the S&P 500 could end the year at higher levels than where it was at the end of February, even if there is a near-term correction. It is also worth noting that inflation in the U.S. is expected to cool to a range of 2.8% to 3.5% this year as compared to last year's Consumer Price Index (CPI) inflation range of 7% to 8.1%.
All this means that the likelihood of a stock market bull run in 2023 cannot be ruled out, which is why investors may want to buy shares of Twilio (NYSE: TWLO) before that happens. Let's look at the reasons why.
Source Fool.com
