APAC Edition: US Mid-Year Outlook: Hike, Skip and a Jump?

Sam Stovall, CFP, Chief Investment Strategist
Vincent Randazzo, CMT, Head of Technical Research
06 July 2023
2:30 PM SGT | 3:30 PM JST | 4:30 PM AEST

History keeps reminding investors that 2023 should be an up year. First, it was early-year indicators, and now, it's the typical performance following recovery to bull market status and the Fed skipping a rate hike. Yet because there is no certainty that the Fed is finished raising rates, combined with the narrowness of the market's advance and the bond market's warning of more challenging times ahead, how should investors position themselves for the second half of 2023? During this webinar, CFRA's Chief Investment Strategist, Sam Stovall, CFP, and CFRA's Head of Technical Research, Vincent Randazzo, CMT, evaluated the headwinds and tailwinds facing equity investors today and whether a slump will follow the jump.

During this session, we also discussed:

• Historical trends and their implications for investors
• The narrowness of market advances
• Uncertainty surrounding the Fed's rate decisions
• Bond market warnings
• The possibility of a slump following a jump


Sam Stovall, CFP
Chief Investment Strategist
Sam is Chief Investment Strategist. Sam Stovall is an analyst, publisher, and communicator of CFRA’s outlooks for the economy, market, and sectors. He is the author of The Seven Rules of Wall Street and The S&P Guide to Sector Investing. He also writes weekly “Sector Watch” and “Investment Policy” reports on CFRA’s MarketScope Advisor platform and maintains the Industry Momentum and Seasonal Rotation portfolios. His work is also found in CFRA’s flagship weekly newsletter The Outlook.
Vincent Randazzo, CMT
Head of Technical Research
Vincent Randazzo, CMT, is the Head of Technical Research at CFRA and Chief Market Strategist at Lowry Research, a CFRA business. Vincent produces written and recorded stock market research based on Lowry’s proprietary, statistically driven measures of equity market demand/supply and breadth. Prior to joining Lowry in 2016, Vincent held the positions with Nasdaq on its Market Intelligence Desk and as an Equity Research Salesperson at Morgan Stanley and UBS. He has written numerous articles for Bloomberg, Tabb Forum, Interactive Brokers, and Nasdaq. Vincent has held the Chartered Market Technician (CMT) designation since 2008.
Sam Siddiqui
Senior Vice President - Asia Sales
While serving as CFRA's Senior Vice President of Asia Sales, Sam has over a decade of extensive experience in financial research and analytics sales, with most of his tenure in Asia. As an overview of Sam's experience in Asia, before joining CFRA, he was the Head of Asia Sales for YieldX, a fixed-income portfolio construction startup. Prior to this, Sam was the Head of Private Bank Sales for CreditSights. In this role, Sam spearheaded the private bank's solution and led a sales team. As a founding member of CreditSights Asia Sales, Sam hired and grew the team that helped CreditSights establish itself in the Asia-Pacific region. In addition to all of this experience, Sam holds a Bachelor of Science in Sports Biomedicine from UWIC in Cardiff.