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Barclays says cash may be ‘real winner’ in 2023 while recommending bonds over stocks

Por: MarketWatch Business November 16, 2022

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In their view, global equity markets may “drop significantly further” despite this year’s drawdown. U.S. stocks tend to bottom 30% to 35% below their peak in the middle of a recession, which suggests a “fair value” of 3,200 for the S&P 500 index at some point in the first six months of 2023, the analysts said. The Federal Reserve has been aggressively tightening monetary policy to cool demand in the economy and bring down high... + full article



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