The Deutsche Bank economists expect the S&P 500 to fall toward 3,250 in the third quarter. However, the index is expected to rise again to end the year at 4,500.
The current bear market rally will continue through the first quarter and the second
“In the short term, we see the current bear market rally continuing through the first and second quarters.”
“After flattening in the second quarter as recession concerns mount, stocks will fall significantly in the third quarter as the recession kicks in, with the S&P 500 plunging to 3,250.”
“We expect the S&P to bottom out mid-recession and pick up the dip during the fourth quarter, reaching 4,500 by the end of 2023“.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
