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Hedge Fund
Golden Eagle Strategies Q1 2023 Commentary
April 2023 - Hedge Fund
The bear market in 2022 witnessed a 19% decline in the S&P Index while the NASDAQ Composite Index plunged 33.1%. “Recency bias” reared its head once again as most market forecasts at year end predicted that the bear market would continue into 2023.
Golden Eagle’s research shows that severe market downturns in one year are often followed by a vigorous rebound in the next year. As such, it comes as no surprise to Golden Eagle that the stock market defied the gloom and doom predictions in