Josh Brown issued a warning for investors on Tuesday, noting that new bear market lows could soon be reached. "You could divide up everyone on Wall Street right now in one of two camps. Do we break the October lows or do we not? I think we break the October lows," Brown, the CEO of Ritholtz Wealth Management, said Tuesday on CNBC's " Halftime Report .
Not only does property and casualty insurance company Chubb have pricing power in 2023, the stock is also one of just 11 stocks trading in the S & P 500 that are currently within 5% of their all-time highs, according to Brown. "This stock is on the verge of breaking out," Brown said. The entire property casualty group looks great. I talked to insurance brokers, they tell me what they're hearing from the carriers. Expect huge increases in 2023 on premiums.
This is the same guy that said 'RIP YOUR FACE OFF RALLY IN STOCKS!' in 2022?