US stocks won't fall sharply in 2023 like Wall Street giants expect — because the weak dollar will juice earnings, a top strategist says

Dec 22 2022 by Business Insider

 
Prepare for a stock market rally in the new year as the weak dollar props up stock market earnings, Carson Group's chief strategist Ryan Detrick said Wednesday.

REUTERS/Carlo Allegri

Wall Street giants like Morgan Stanley expect US stocks to crash over 20% next year. But Carson Group's Ryan Detrick thinks equities could rally thanks to declines in the dollar. That could be a tailwind for US companies as it supports overseas earnings, the strategist said. 

Wall Street's top banks are overly...

Continue Reading US stocks won't fall sharply in 2023 like Wall Street giants expect — because the weak dollar will juice earnings, a top strategist says