How Famous Investors Make Money During Recession

How Famous Investors Make Money During Recession
Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., on May 7, 2018, with Liz Claman on Fox Business Network's "Countdown to the Closing Bell." Nati Harnik/AP Photo
Andrew Moran
Updated:

Wall Street is almost certain that the U.S. economy will slip into another recession in 2023. However, market analysts have different opinions on what the financial markets will look like over the next 12 months.

Goldman Sachs slashed its target for the benchmark S&P 500 Index, to 3,600, projecting another 4 percent drop ahead. The Royal Bank of Canada anticipates a stock market bottom in the coming weeks, with a rally in equities in 2023. A Bank of America fund survey suggests full capitulation, carving out a path for a stock market rally in 2023 after the Federal Reserve pivots on interest rates.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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