{"id":541952,"date":"2023-01-06T13:30:21","date_gmt":"2023-01-06T12:30:21","guid":{"rendered":"https:\/\/ftmo.com\/?p=541952"},"modified":"2023-09-14T08:28:03","modified_gmt":"2023-09-14T06:28:03","slug":"na-co-se-pripravit-v-roce-2023","status":"publish","type":"post","link":"https:\/\/ftmo.com\/cs\/na-co-se-pripravit-v-roce-2023\/","title":{"rendered":"Na co se p\u0159ipravit v roce 2023"},"content":{"rendered":"
D\u011blat p\u0159edpov\u011bdi na cel\u00fd rok je st\u00e1le spojeno s nejist\u00fdm v\u00fdsledkem, proto\u017ee nikdo nem\u016f\u017ee p\u0159edv\u00eddat budoucnost. Tento rok je nav\u00edc specifick\u00fd v tom, \u017ee d\u011bn\u00ed na trz\u00edch pom\u011brn\u011b v\u00fdrazn\u011b ovliv\u0148uj\u00ed faktory, na kter\u00e9 nen\u00ed v\u011bt\u0161ina investor\u016f a analytik\u016f v\u016fbec zvykl\u00e1. Na co bychom se tedy letos m\u011bli p\u0159ipravit?<\/em><\/p>\n P\u0159elom let je ide\u00e1ln\u00ed dobou na bilancov\u00e1n\u00ed uplynul\u00e9ho roku a predikce na ten n\u00e1sleduj\u00edc\u00ed. Letos je mo\u017enost n\u011bjak\u00fdch p\u0159esn\u011bj\u0161\u00edch odhad\u016f je\u0161t\u011b slo\u017eit\u011bj\u0161\u00ed ne\u017e jindy, ani to v\u0161ak n\u011bkter\u00e9 analytiky neodrad\u00ed od optimistick\u00fdch predikc\u00ed. Optimismus v\u0161ak nen\u00ed v\u017edy dobr\u00fdm v\u00fdchodiskov\u00fdm bodem p\u0159i tvorb\u011b kr\u00e1tkodob\u00fdch ani dlouhodob\u00fdch predikc\u00ed na finan\u010dn\u00edch trz\u00edch a leto\u0161n\u00ed v\u011bt\u0161\u00ed nejistota by mohla v\u00e9st ke st\u0159\u00edzliv\u011bj\u0161\u00edm predikc\u00edm na p\u0159\u00ed\u0161t\u00ed rok.<\/p>\n V prvn\u00ed \u0159ad\u011b bychom m\u011bli pamatovat na to, \u017ee d\u011bn\u00ed na trz\u00edch je pom\u011brn\u011b v\u00fdrazn\u011b ovliv\u0148ov\u00e1no o\u010dek\u00e1v\u00e1n\u00edmi. Definovat sv\u00e1 o\u010dek\u00e1v\u00e1n\u00ed podle p\u0159edpov\u011bd\u00ed analytik\u016f je v\u0161ak jednou z nejv\u011bt\u0161\u00edch chyb, kter\u00fdch bychom se mohli dopustit. Pro p\u0159\u00edklad, kdy pr\u00e1v\u011b optimismus v\u00fdrazn\u011b ovlivnil p\u0159edpov\u011bdi analytik\u016f, nemus\u00edme chodit daleko, sta\u010d\u00ed n\u00e1m za\u010d\u00e1tek minul\u00e9ho roku. Po t\u00e9m\u011b\u0159 dvoulet\u00e9m siln\u00e9m r\u016fstu akci\u00ed po pandemii Covidu se \u010dekal (jak jinak) dal\u0161\u00ed r\u016fst. Index S&P 500 v\u0161ak prakticky od za\u010d\u00e1tku roku klesal a zaznamenal nejhor\u0161\u00ed propad od finan\u010dn\u00ed krize.<\/p>\n Here\u2019s where the sharpest brains on Wall Street predicted the S&P 500 would end 2022:<\/p>\n BMO – 5,300 Today it\u2019s 3,854 – not one of them came close.<\/p>\n Pay zero attention to next year\u2019s predictions.<\/p>\n No one\u2019s got a clue.<\/p>\n \u2014 Alan Smith (@AlanJLSmith) December 30, 2022<\/a><\/p><\/blockquote>\nPozor na analytiky<\/h2>\n
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\nWells Fargo – 5,200
\nGoldman Sachs – 5,100
\nJP Morgan – 5,050<\/p>\n