US stocks will perform `pretty well over the next several months' and the risk of a recession is waning, says Credit Suisse's chief US equity strategist

Dec 29 2022 by Business Insider

 
Jonathan Golub.

Screengrab via Bloomberg

Stocks will see some upside in 2023 and the threat of a recession is fading, Credit Suisse's head of US equity strategy said.  Jonathan Golub predicted a price target of 4,050 for the S&P 500 given the potential for a pickup in consumption.  Falling inflation expectations and a healthy labor market mean consumers will achieve more spending power, he said.

Credit Suisse's Jonathan Golub is hopeful about the US stock market and the broader economic...

Continue Reading US stocks will perform `pretty well over the next several months' and the risk of a recession is waning, says Credit Suisse's chief US equity strategist