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Christopher Wood, global head of equity strategy at Jefferies
Earnings downgrades amid an economic recession are the next big worry for the US markets that are already grappling with inflation-related woes, said Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear. This, he feels, can trigger more downside in the US markets that can drop substantially lower compared to their June 2022 lows.
"The S&P500 has broken below its June low. Does this mean that US equities should be bought? A short-term rally off this level would not surprise. But, in GREED & fear’s view, US equities are, sooner or
First Published: Sep 30 2022 | 10:59 AM IST