‘A year of two halves’: Stifel’s Barry Bannister expects a near-term rally in U.S. stocks — and trouble later in 2023

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Like the current rally in stocks? Enjoy it before you have to fret later in 2023

Trouble may be brewing in the second half of this year, but there’s a window for a stock-market rally during the first six months of 2023, in the view of Stifel chief equity strategist Barry Bannister.

“2023 may be a year of 2 halves, with the S&P 500 peaking mid-2023,” wrote Bannister. “The S&P 500 in late 2023 may give back some or all of 2023 gains.” Read: Why stock-market bulls are ‘woefully myopic’ about S&P 500 profit growth — even before the impact of a potential recessionWhile Bannister does not yet see a recession in earnings per share, or EPS, for the S&P 500 in the first half of 2023, he cautioned that in the second of the year, the benchmark may face a slowdown in EPS that’s similar to 2012 or 2015-2016.

Investors have been anxious about a potential recession in 2023, fearing that the Fed’s rapid pace of rate hikes in 2022 and continued monetary tightening this year could lead to a hard landing for the U.S. economy. Meanwhile, Stifel has forecast that headline readings from the U.S. consumer-price index will fall to 3.5% on a year-over-basis by the end of the third quarter, Bannister’s note said. Headline inflation ran as high as 9.1% in the 12 months through June, falling to 7.1% in November.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

'A year of two halves': Stifel’s Barry Bannister expects a near-term rally in U.S. stocks and then trouble later in 2023Trouble may be brewing in the second half of this year, but there’s “a window” for a stock-market rally during the first six months of 2023, in the view of...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »