[Morgan Stanley and Goldman Sachs are not optimistic about n...
[Morgan Stanley and Goldman Sachs are not optimistic about next year's stock market, saying the decline in performance is the biggest risk] On December 12, 2022, according to reports by Morgan Stanley strategist Michael Wilson and Goldman Sachs Group David Kostin, in 2023, as profit margins are under pressure, profit contraction may exceed expectations, leaving the stock market in a difficult environment. “The last chapter of this bear market is all about profit forecasting paths; they are too high right now.” Wilson and Kostin both believe that the stock market will have a difficult start in 2023. In 2022, many major indices fell into a bear market before rising in the fourth quarter. Soaring inflation and interest rate hikes have been investors' biggest concerns so far, and this is likely to continue to be the case, at least in the short term.
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