Major Events Influencing the US Stock Market in 2023

The US stock market has been subject to various significant events that could influence investor sentiment and stock performance. Here’s a detailed overview of pivotal happenings, trends, and projections for 2023.

1. Key Events Timeline

• Trump’s Inauguration (January 20) – The impact of Trump’s transition on technology stocks is anticipated. Should NVIDIA’s CEO, Jensen Huang, attend the ceremony, it could be a bullish sign for NVIDIA, although no confirmations have been made yet.
• Federal Reserve Meeting (January 30) – There is a possibility of pausing interest rate cuts, which could put pressure on stock prices.
• Earnings Season:
• January 16 – TSMC: Their performance is expected to influence NVIDIA’s stock fluctuations significantly. The day after is a prime opportunity for options trading.
• January 29 – Tesla, ASML, Meta, Microsoft: These earnings reports are predicted to significantly impact the broader market.
• January 30 – Apple, Amazon: Key tech giants reporting could sway market trends.
• February 4 – Google: Google’s performance will undoubtedly attract attention.
• February 26 – NVIDIA: The outlook for their revenue will dictate stock movements, particularly regarding the delivery of the Blackwell chip.
• NVIDIA GTC Conference (March 17-21) – This event will be crucial for revealing essential updates regarding the Blackwell chip and Rubin architecture, potentially sparking a rally starting in early March.

2. Overall Market Projections

• Before January 20: Expect downward adjustments.
• January 21-31: Anticipate a period of consolidation with overall upward trends, influenced by tech earnings and AI budget forecasts.
• February 3 – 26: Expect fluctuations within the 120-155 range.
• February 27 – March 20: A sustained bullish rally is projected, potentially breaking historical highs.
• March 21 – 31: Following significant gains, an adjustment period may occur.

Conclusion

In summary, the US stock market is set to see considerable movements influenced by key events, earnings reports, and technological developments throughout early 2023. Investors should stay alert to these dates and market trends to make informed decisions. Stay tuned for what’s to come! 📈💼