NEW YEAR ON WALL STREET: A POLL FROM BLOOMBERG
Dear clients,
Bloomberg conducted a survey among investment firms, including BlackRock Inc., Goldman Sachs Asset Management and other major players, regarding the outlook for the market for next year. The mood is generally positive: with the expectation that inflation has peaked, and the Fed will start easing its monetary policy, 71% of respondents believe in stock growth. They are expect an average rise of 10%.
There are also talks about renewed interest in the Chinese market, recovering from the pandemic and the IT industry, which has suffered due to interest rates. Here, Apple, Amazon and Alphabet are considered the most promising.
The main fear of the coming year being considered a possible stagflation: 48% of investors are worried about high inflation, 45% about a serious recession. Experts also point to the likelihood of a weak start for the stock market and full growth only in the second half of the year.
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