The stock market experienced a correction in 2023, with the Nasdaq index dropping by 13%. Despite expectations of interest rate cuts, the U.S. central bank is now predicted to make fewer cuts than previously anticipated. Technology, particularly artificial intelligence, is expected to drive corporate earnings growth, with companies like Marvell Technology and Datadog showing significant profit increases. Analysts emphasize the importance of focusing on earnings surprises and a true cyclical recovery in the economy for the rest of the stock market to perform well.
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