Strategist Mislav Matejka said in a note to clients on Monday that the solid start to 2023 for stocks will quickly prove to be a mirage. "We believe that the current market rally will start fading as we move through Q1 ... Potential curveballs could come from the Fed, politics, disinflation phase not progressing smoothly, weaker earnings, weaker capex and renewed rollover in activity momentum," Matejka wrote. .SPX YTD mountain The stock market is off to a solid start in 2023. "The market is behaving as if we were in an early cycle recovery phase, but the Fed has not even concluded hiking yet.

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