Stocks posted their worst year since 2008, but the market isn't as bad as the Great Recession and will rebound 15% this year, Oppenheimer says

Jan 3 2023 by Business Insider

 
John Stoltzfus.

Screengrab/CNBC

Market conditions aren't as bad as in 2008, according to Oppenheimer chief investment strategist John Stoltzfus.  He pointed to different causes of the S&P 500's decline in 2022 compared to the Great Recession. He predicted the stock index could rebound 15% to 4400 this year, despite other banks warning of an incoming recession and flat returns.

Stocks just posted their worst year since 2008 – but the market still isn't as bad as the Great Recession and will...

Continue Reading Stocks posted their worst year since 2008, but the market isn't as bad as the Great Recession and will rebound 15% this year, Oppenheimer says