Goldman’s bear market warning for equities – WORLD

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The bear market in equities is not over yet, and equity investors hoping for a good 2023 will be disappointed, according to strategists at Goldman Sachs.“Conditions that broadly match stock bottoms have not yet been reached,” strategists including Peter Oppenheimer and Sharon Bell wrote in a note published Monday.The team said peak interest rates and recession-reflecting lower valuations are needed for any sustained recovery in the stock market.

S&P 500 to end 2023 0.9% higher than Stoxx Europe 600 4%

Strategists predict the S&P 500 will end 2023 at 4,000 index points, up just 0.9% from Friday’s close, while the Stoxx Europe 600 will end next year at 450 index points, up about 4% current level. Strategists at Barclays Plc, led by Emmanuel Cau, also said they have the same target for the European benchmark index and that the path to that level will be “difficult”. 19 restrictions in China, and a number of global indexes declined. The technique came after the last rally that forced it into bull market levels. The sharp rise since mid-October comes after a turbulent year in global markets that dragged on central banks. aggressively raising interest rates to curb concerns about inflation and recession. Stating that earnings are not sustainable, the strategists said: “The short-term trajectory of equity markets is likely to be unsustainable and bearish.”

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