Re: Risks Out There 06 (May 20 - Dec 22)
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After $18 Trillion Rout, Global Stocks Face More Hurdles in 2023
Source: Bloomberg
https://finance.yahoo.com/news/18-trill ... 00466.html
More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong.
Two consecutive down years are rare for major equity markets — the S&P 500 index has fallen for two straight years on just four occasions since 1928.
Rate-hiking peak possibly in March, with money markets expecting the Fed to switch into rate-cutting mode by the end of 2023.
Morgan Stanley’s Mike Wilson, predicts earnings of $180 per share in 2023 for the S&P 500, versus analysts’ expectations of $231.
Source: Bloomberg
https://finance.yahoo.com/news/18-trill ... 00466.html