The controversial opinion of a stock market legend. What awaits from 2023?
More or less everyone agrees that 2023 will not be an easy year and we will not avoid a recession. But there is a legend among these experts and economists who say the complete opposite!
According to John Rogers, Chairman and Co-CEO of Ariel Investments, the United States will avoid a recession this year because the Federal Reserve will control inflation, which will give the stock market a boost. Which is a view that goes more or less against the grain.
The Dow Jones Industrial Average is likely to rise 10% or more in 2023, and the S&P 500 index more than 10%, Rogers told business leaders at the Executives' Club of Chicago's annual event devoted to the outlook. Last year, he correctly predicted a sharp rise in inflation and that Bitcoin was a bubble that would burst.
"We are much…