S&P 500 decline 'will be much worse than what most investors are expecting' - MS Wilson

Piper Sandler says CIO survey points to year of change in 2023

Piper Sandler analyst Rob Owens told investors in a research note Monday that following its 12th annual CIO Survey, they believe "2023 could be the year of change."

"We surveyed 128 IT decision makers having an estimated $1.6B in average annual revenue. Results suggest that 2023 could be the 'year of change'... More

Citi expects a weak start, strong finish to 2023

Citi analyst Scott Chronert said in a note to clients on Monday that they are preparing for volatility in the first quarter of 2023.

The firm's broader market call is for a weaker start to the year, with a stronger finish, the analyst declared.

"We position more defensively for now. Health Care,... More

Goldman Sachs underweight industrials on sharp fall in CEO confidence

Goldman Sachs analyst David Kostin told investors in a note Monday that the firm remains underweight the S&P 500 Industrials sector despite its 19% rally since the start of the fourth quarter.

"The S&P 500 Industrials sector in 4Q has outperformed the index by 10 pp (19% vs. 9%) despite growing evidence that the economy is slowing," wrote Kostin.... More

'Bond King' Bill Gross tells Fed to stop raising rates

Bill Gross, the renowned bond investor and co-founder of Pimco, is telling the Federal Reserve to stop rising rates. Instead, the Fed should wait to see if the punch bowl has been sufficiently drained, Gross wrote in his op-ed for the Financial Times.

The post-Covid era of cheap money created plenty Ponzi schemes with Gross mentioning cryptocurrencies and non-fungible tokens (NTFs) as an example.

Among other things, Gross urges the Fed... More