Stock Market Prediction: In 2022, Wall Street experienced a challenging year, marked by a dramatic 19.64% drop in the S&P 500 index, which closed at 3839.5. Despite the pessimistic environment, stock market professionals felt optimistic about 2023. According to a Reuters poll of 41 strategists, the consensus median forecast suggests that the S&P 500 index will end 2023 at 4200 points, indicating a 9.0% increase from its opening value of 3853.29 on January 3rd, 2023. As of September 15th, 2023, the S&P 500 closed at 4450.32, aligning with the Wall Street consensus forecast. I Know First (IKF) is pleased to have matched this forecast. Below, you can find the S&P 500 forecast included in IKF’s “The Best Stock Market Opportunities of 2023” report, which accurately predicted a 15.90% increase in the S&P 500 on September 15th, 2023.

US tech firms began the year facing challenges like pandemic-related hiring costs and rising interest rates. However, breakthroughs in generative AI, including ChatGPT, have bolstered tech stocks. This growth is fueled by market optimism regarding AI’s economic potential and the companies driving it, rather than macroeconomic factors. The I Know First algorithm has not only predicted the general stock market direction in 2023 but also identified and recommended the technology sector as the most promising one for our clients. As a result, XLK (the technology sector) and XSD (the semiconductor sector) increased by 34.29% and 17.46%, respectively, on September 15^th, 2023.

In “The Best Stock Market Opportunities of 2023“, I Know First identified the most promising technology stocks for investment. As a result, we recommended investing in AVGO, NVDA, MSFT, LRCX, and TER for 2023.

These companies mentioned above have delivered excellent returns for IKF clients in 2023. AVGO, NVDA, MSFT, LRCX, TER, and ASML have seen increases of 52.02%, 197.65%, 44.14%, 47.50%, 9.23%, and 9.20% respectively, as of September 15, 2023. Overall, I Know First’s “The Best Stock Market Opportunities” report proves to be an invaluable resource for guiding investors toward the most promising opportunities in the coming year.

I Know First Algorithm – Seeking the Key &  Generating Stock Market Forecast

Stock Market Prediction: The I Know First predictive algorithm is a successful attempt to discover the rules of the market that enable us to make accurate stock market forecasts. Taking advantage of artificial intelligence and machine learning and using insights of chaos theory and self-similarity (the fractals), the algorithmic system is able to predict the behavior of over 13,500 markets. The key principle of the algorithm lies in the fact that a stock’s price is a function of many factors interacting non-linearly. Therefore, it is advantageous to use elements of artificial neural networks and genetic algorithms. How does it work? At first, an analysis of inputs is performed, ranking them according to their significance in predicting the target stock price. Then multiple models are created and tested utilizing 15 years of historical data. Only the best-performing models are kept while the rest are rejected. Models are refined every day, as new data becomes available. As the algorithm is purely empirical and self-learning, there is no human bias in the models and the market forecast system adapts to the new reality every day while still following general historical rules.

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Please note-for trading decisions use the most recent forecast.