From Bank of America to Morgan Stanley, Wall Street giants are expecting stocks to crash more than 20% next year.

[DigitalDrifter]

Hope you're not planning on retirement next year.

• Three major Wall Street banks expect the S&P 500 to tank over 20% at some point next year.
• US stocks face a recession, cuts to earnings outlooks and liquidity risks as the Fed hikes rates.
• Here's what Morgan Stanley, Bank of America and Deutsche Bank say about what could drag stocks lower.

Three top Wall Street banks are singing from the same downbeat hymn sheet, as each predicts US stocks could fall by more than 20% next year.

For Bank of America, a Federal Reserve-induced liquidity crisis could put pressure on the S&P 500 stock index. Meanwhile, Morgan Stanley and Deutsche Bank say lower earning outlooks and a US recession could trigger the selloff.

The benchmark index has risen by about 10% from October lows, but analysts believe the rally is just a respite in the bear market it entered this year.

From Bank of America to Morgan Stanley, Wall Street giants are expecting stocks to crash more than 20% next year. Here's what they've been saying.

The S&P 500 will plunge in 2023 as a US recession hits, companies lower their earnings outlooks and the Fed's tightening causes pain, the banks predict.

markets.businessinsider.com

 

[pknopp]

The banks want pumping to start back up again.

 

[Augustine_]

The bill's come due for our decades of Reaganomics

 

[luiza]

Reasonable OP .
The truth would have the Sheeple panicking .
Worse than 1929-31.

But a perfect scenario for making millions .
And perfect for Sheeple dying
If vaxxed , even better.

 

[DGS49]

Stocks don't go up or down across the board. Some stocks do better or worse than the rest.

This is why "we" pay people to make these decisions for us.