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 assumptions are underlying the speaker's 10% price target adjustment?

What potential actions does the speaker anticipate from the Fed towards the end of the year?