“Morgan Stanley says the stock market could bottom out next year..”
December 23, 2022
“…At base, Wilson says the S&P 500 is likely to sink another 20% before hitting a bottom near 3,100 during 1Q23. The index slipped into a bear market in June of this year, when the Federal Reserve began its aggressive anti-inflationary interest rate hikes, and has been on a volatile ride ever since. Wilson believes that volatility will only increase as we head closer to the end of the current bear.
“You’re going to make a new low some time in the first quarter, and that will be a terrific buying opportunity,” Wilson opined. “Because by the time we get to the end of next year, we’ll be looking at 2024, when the earnings will actually be accelerating again.”
https://finance.yahoo.com/news/morgan-stanley-says-stock-market-024420052.html