Here's why a recession is essential to the bullish outlook for the stock market in 2023

Dec 18 2022 by Business Insider

 

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A recession will be necessary to drive upside in the stock market, according to DataTrek Research.That's because a shallow recession could drive aggressive cost cutting at companies, helping boost profits in 2024."It is harder to make the case for S&P 4,800 if we do not see a US/global recession next year," DataTrek said.

A bullish outcome in the stock market next year is unlikely unless an economic recession materializes, DataTrek Research said in a Thursday...

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