Here’s the 2023 chart setup for the S&P 500 and Nasdaq

The bear market roared in 2022.

In a somewhat brutal twist, the S&P 500 reached an all-time high on January 4, the second trading day of the new year. From that moment on it’s party time for the bears.

When inflation raged at the beginning of the year, the Federal Reserve was behind the eighth ball and was forced to implement a series of aggressive rate hikes in an effort to curb inflation.

Between rising interest rates and recession concerns, equity bulls have their work cut out this year. Here’s how the tech data is shaping up for 2023.

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