Wells Fargo's Han Expects 10% Market Correction

The video discusses market normalization, focusing on growth in earnings and GDP. It highlights concerns about market corrections due to initial over-optimism and predicts a 10% price target reduction. The discussion includes assumptions about margin compression and slowing consumer spending. The video also covers year-end projections, expecting the S&P 4200 to stabilize, influenced by Fed policy and potential recession, with an eye on 2024 growth prospects.

What is the primary concern when discussing market normalization?

• The interest rates set by the Fed

• The base of comparison for growth

• The level of inflation

• The unemployment rate

Why did the market need a correction after the first four months?

• Interest rates were too low

• The market got ahead of itself

• Because of a decline in consumer spending

• Due to unexpected inflation

What is the expected intermediate price target adjustment mentioned in the video?

• Decrease by 10%

• Increase by 5%

• Increase by 10%

• Remain the same

What economic condition is anticipated towards the end of the year?

• Deflation

• A significant economic boom

• Stable economic growth

• A recession

What is the expected action of the Federal Reserve towards the end of the year?

• Increase interest rates

• Maintain current interest rates

• Reduce interest rates immediately

• Pause and then ease