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Can stocks finish strong in 2023? Wall Street giants weigh in - TL;DR CNBC

Can stocks finish strong in 2023? Wall Street giants weigh in

Publishing timestamp: 2023-09-07 01:27:41


Summary

The article discusses how strategists at Wall Street's biggest banks are cautiously optimistic that investors can find returns through the rest of the year and beyond, despite the rough month experienced by global stock markets in August. The article mentions that interest rates are expected to stay higher for longer, which has impacted risk sentiment. However, the article highlights that valuations look less stretched and there may be opportunities to rebuild equity exposure. The debate over monetary policy has shifted from how high rates will go to how long they will stay elevated. The article also mentions that while there are some challenges, such as higher mortgage rates and credit card delinquencies, consumers have not significantly changed their behavior and spending remains solid. The article concludes by noting that technology stocks, particularly those focused on AI, have driven a significant portion of the market's gains this year.


Sentiment: POSITIVE

Tickers: GSTSLANVDAMETA

Keywords: goldman sachs group incu.s. economybusiness newsbreaking news: marketsbreaking news: investinginvestment strategyeconomybreaking news: economynvidia corptechnologybreaking news: technologymeta platforms incmarketstesla inc

Source: https://www.cnbc.com/2023/09/07/can-stocks-finish-strong-in-2023-wall-street-giants-weigh-in.html


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