Stock market outlook 2023, how to invest for a 20% selloff: Rosenberg

The S&P 500 could fall about 20% to 3,000 in Rosenberg's base case.Wall Street is cautiously optimistic

Instead of recovery, the founder of Rosenberg Research said a recession will be this year's defining story as restrictive interest rates cause the economy to lose momentum. His biggest question isn't if a downturn will begin but when, noting that the sooner it starts, the sooner the economy can rebound.warn about the strong possibility of a recession in 2022

"I know that we're there when I stop getting the question, 'Are we there yet?' Rosenberg said about a stock market bottom. Historically, the first asset class to enter a downturn are the first to rebound, Rosenberg said. The bond selloff began in August 2020, and 10-year yields have risen seven-fold since. Stocks didn't peak until the first trading day of 2022, so Rosenberg thinks they'll take longer to recover.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SOL up 20% in 2023 as Solana Prepares to Demolish SHIB in Market Cap TopShiba Inu token's place in market cap top in danger as $SOL is already up 20% in 2023 shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn solanasol solana sol $shib Price movement is only but one indicator of strength. The one with stronger fundamentals and positive future will prevail.
Source: Utoday_en - 🏆 295. / 63 Read more »

2023 will be an inflection year for the stock market, says Fairlead Strategies' StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss more sideways market activity, the likelihood the market sees new lows this year and more.
Source: CNBC - 🏆 12. / 72 Read more »