Posted 11/22/2023, 11:08:43 AM
Big Investors Predict Market Struggles Ahead in 2023 Despite 2022 Rally
- Recent market rally could be short-lived according to big investors who see policies, election, and recession fears weighing on markets in 2023
- Markets may have overestimated prospects for rate cuts in 2024 based on recent data
- Global economic growth expected to slow in 2024 due to high interest rates, energy prices, and slower China/US growth
- Concerns that markets can't dodge aggressive Fed tightening without some damage in 2023
- Magnificent Seven tech stocks drove markets in 2022, but uncertainty in 2023 on how much AI will contribute to earnings