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Citi expects a weak start, strong finish to 2023
December 19, 2022 3:18 PM ESTCiti analyst Scott Chronert said in a note to clients on Monday that they are preparing for volatility in the first quarter of 2023.
The firm's broader market call is for a weaker start to the year, with a stronger finish, the analyst declared.
"We position more defensively for now. Health Care,... More
Goldman Sachs underweight industrials on sharp fall in CEO confidence
December 19, 2022 11:11 AM ESTGoldman Sachs analyst David Kostin told investors in a note Monday that the firm remains underweight the S&P 500 Industrials sector despite its 19% rally since the start of the fourth quarter.
"The S&P 500 Industrials sector in 4Q has outperformed the index by 10 pp (19% vs. 9%) despite growing evidence that the economy is slowing," wrote Kostin.... More
S&P 500 decline 'will be much worse than what most investors are expecting' - MS Wilson
December 19, 2022 8:05 AM ESTMike Wilson, the Chief U.S. Equity Strategist and Chief Investment Officer for Morgan Stanley, is growing increasingly confident in his forecast that U.S. stocks will continue to head lower in the coming months.
Case closed, says Wilson about the recent bear market rally that practically ended last week.
While we called for the end of the tactical rally two weeks ago, we think last week's price action provided the technical reversal to... More
