US markets set for a year-end rally despite recession concerns: Chris Wood

A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India

Chris Wood, Jefferies
Web Exclusive Premium

Chris Wood, Jefferies

Puneet Wadhwa New Delhi
US markets are set for a year-end rally despite looming concerns of a recession in 2023, believes Christopher Wood, global head of equity strategy at Jefferies. 

ALSO READ: 'It will continue to be a rough ride, with few places to shelter'

Wall Street-correlated world stock markets, Wood believes, have taken some comfort from a Wall Street Journal (WSJ) article first published last Friday that focused on the potential for Fed tightening to slow after the assumed 75 basis point (bp) hike in the federal funds rate to 3.75 – 4 per cent at the November meeting. This, he said, creates the potential for “another peaking out of inflation” narrative to support markets into year-end, most particularly if the

First Published: Oct 31 2022 | 2:03 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to