The stock market in 2023 will have less pain but no gains as companies see anemic earnings growth, Goldman Sachs says

Financial

Poor earnings growth will stretch into 2023, meaning investors should prepare for a year with no gains, Goldman Sachs said. That’s because high interest rates will continue to weigh on corporate earnings well into next year. If the economy sees a soft landing, earnings will be flat and the S&P 500 will decline 2% in…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
A Positive Outlook
Building materials price growth slowed 60% in 2022
Home sales in Summit County decreased in 2022 compared to 2021, report finds
Feds reinstate road, logging restrictions on Alaska forest
RBC Capital Markets: Paper, Packaging & Forest Products-Capacity Round Up