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.
