Bearish Investor Sentiment Could Mean a Stock Market Rally in 2023 According to Acuity Trading

The stock market rallies through 2020 and 2021 were steeper than the most bullish analysts had predicted. The S&P 500 jumped 16.3% in 2020 and ended 2021 with more than 27% gains, representing the third consecutive year of double-digit growth. The benchmark index closed at record highs a whopping 70 times, with investors looking forward to the global economy recovering after the pandemic.