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Powell: Not confident rates would lower in March
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My speculated path for 2024 remains:

1. Correction to 4500 - 4600 (cold water on early rate cuts & high earning estimates)
2. New All Time Highs > 5000 (on resumed speculation on rate cuts, political seasonality)
3. Pivot, I think the S&P 500 peak will align at/near the first rate cut (following today, March is unlikely, look further out)
4. Next Bear Market $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$
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