The firm expects muted gains for stocks as corporate profits fall 6.5%Wall Street is convinced a recession is coming this year — and Jefferies thinks the downturn will be worse than most onlookers expect.
Meanwhile, Global Equity Strategist Sean Darby expects disappointing growth and earnings, as higher rates and a slowing economy will both chip away at corporate profits. He expects the benchmark S&P 500 index to rise about 5% and end the year at 4,200.
Whatever... every Tom Dick and Harry analyst has their handful of stocks that'll supposedly be resilient winners in the market ..and half of them fail, if not more.
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Stock market rally 2023: Jeremy Siegel, Ed Yardeni, Tom Lee cast optimismRecession is imminent, the market believes — but Jeremy Siegel, Ed Yardeni, Tom Lee and other top analysts still see gains ahead for stocks. Here's why, and what they're saying. They did a great job in 2022, based on their level of enthusiasm.
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