The current bear market rally could continue into the new year before "following the typical recession playbook," according to Deutsche Bank. The bank outlined its view for the market over the next 12 months in a note Monday. It sees the S & P 500 climbing to 4,200 by the end of this year — about 4% from where it closed Friday — and reaching 4,500 by the end of the first quarter.
Back then, he said the bank was predicting a recession for late next year . By the fourth quarter, however, the strategist sees the S & P 500 recovering to 4,500, "as is typical," if the index follows the recession playbook. Deutsche sees the rebound being led by financial stocks, tech and consumer cyclicals. It's neutral on energy and industrials and underweight defensives, the note said. Recession-related bear markets typically see several rallies of about 10% on average.
As predicted by calculator - This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2021 annual reports, $FB/META $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all!
They better not map it out like Goldman Sachs predicted Q4 2022 OIL