The S&P 500 has found good support recently and, while in a bear market, the large-cap index may not fall much further this year, said David Bianco, chief investment officer of the Americas for fund manager DWS Group.
The S&P 500 closed 2% lower on Tuesday at 3,821.55, in part as investors grow increasingly concerned over a potential recession sparked by intense inflation and tighter monetary policy. “We don’t think it’s within reach for this year, and it may be a difficult reach even for the end of 2023,” said Bianco.
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