Posted Nov 26, 2022, 4:29 pm
After the rain, the weather is fine, but you still have to follow the weather. Likewise, if the five big Wall Street declines before the 2022 plunge were followed by strong rebounds — as evidenced by reinvested S&P 500 index dividends — then those declines have lasted a long time, recalls Vincent Mortier, managing director of Amundi, about two years to the one that began. in 1999 and 2007.
Given the slowdown in global growth and the expected drop in earnings in the first half of 2023, investors should initially maintain a defensive stance, preferring gold but also high-quality credit (investment grade “). In his view, stocks should offer “points Entry” is rather interesting than the second half, after adjusting for ratings.
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