[Gstalk]

More pain for investors lurks in 2023, warns the strategy team at BlackRock.

In a new report, BlackRock contends that stock valuations don't yet "reflect the damage ahead." The money manager says it will "turn positive on equities" when it believes valuations fully reflect the "damage" on the horizon.

One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back toward the October lows of about 3,600.

"We do not see rate cut cycles starting next year," Li said about one factor that could unsettle stocks in 2023. "In fact, we see them starting in 2024, but even then, it's more muted than what markets are pricing in."


https://finance.yahoo.com/news/stock-mar...53134.html

[theold]

More pains ahead due to the semiconductor Acts by EU and US. Some started from 1 Jan 2023. Can cure if US stops to support and Ukraine agrees to end the war.

[sgbuffett]

The nasdaq has to go below 10,000 before I even start looking even below 10K it is not cheap

Getting interesting is the semi conductor sector which is seeing pain. More pain ...then look closely

[sgbuffett]

If Blackrock is so sure it will go down they should short like Michael.burry who put his money were his mouth is.

Buying at reasonable.valuations is different from saying market will drop because how the market may not be rational.

I agree the valuations remain too high but that doesn't mean market will drop next year because the market in the shorter time frame.of 1yr is anyone's guess.