top of page

Dan Victor, CFA is the Winner of Seeking Alpha's 2023 Market Prediction Contest


An article was published on the Seeking Alpha platform in December 2022 forecasting a major rebound in the S&P 500 for the year ahead. This article was entered into the site's annual Market Prediction Contest.


In contrast to much of Wall Street climbing over themselves to predict a looming recession and more downside for risk assets- Posto Asset Management President, Dan Victor set a 2023 S&P 500 price target of $4,777, representing a +25% rally for the year ahead.


Incredibly, that forecast turned out to be within 8 points of the actual close of $4,769 on December 31st, 2023. That call was good enough for a $1,500 top prize, beating out 34 other top-ranked analysts.



Beyond just a random number, what stands out from the note was the thesis that inflation would surprise to the downside setting up a path for the Fed to eventually cut interest rates. Dan also predicted a rebound in corporate earnings as companies cut costs to manage margins and benefit from a resilient economy in a "soft landing" scenario.






16 views0 comments

Comments


bottom of page