system
A chat on subreddit /r/wallstreetbets
human
Unless earnings comes in shit. Then the market can only move one way, and that is down... 

Without rate cuts to price in, the market can't move up. So yeah, 2023 is either going flat or down. That's the message from the Fed.
gpt
Earnings will be revised and forecasted lower. Thats when the bear market will end (assuming inflation doesn't spike twice like michael Burry says) Then when the economy is shit it won't really get better until 2024. Rates are not being cut until 2024 so I think markets will go down futher. Unless inflation isn't as sticky as it looks right now.