![]() ![]() Several top Wall Street firms, including JPMorgan and UBS, warned that stocks could slip in the second half of the year, and that an economic downturn may be on the horizon. However, there's serious doubt among strategists as to whether the S&P 500 can maintain its momentum. Instead, markets were focused on economic resilience, logic-defying strength in the labor market, and the growth of artificial intelligence. High interest rates, persistent inflation, and even banking sector unrest not seen since the financial crisis couldn't slow US stocks this year. Instead, they've enjoyed a remarkably strong first half for the S&P 500 and the best start in 40 years for the technology-heavy Nasdaq Composite. Investors came into 2023 bracing for a recession. ![]() Here's a compilation of mid-year forecasts from some of the top minds on Wall Street.However, leading investment firms now think gains will be much harder to come by.Stocks performed much better than most strategists expected in the first half of 2023.Account icon An icon in the shape of a person's head and shoulders. ![]()
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