• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Don’t expect a bull market anytime soon: David Roche
Investing

Don’t expect a bull market anytime soon: David Roche

by January 3, 2023
by January 3, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

S&P 500 ended last year down about 20% but a swift recovery is likely “not” on the cards for 2023 either, says David Roche – the President of Independent Strategy.

Oil prices could move back up

Roche sees several headwinds that could make it difficult for the market to rally this year.

To begin with, he does not expect the global central banks to revert to cutting rates anytime soon in the face of oil prices that he warns could climb back to $120 a barrel in 2023.  

I think energy due to Putin will move substantially higher to $120 during the year. And central banks won’t cut rates in the face of that performance by energy and quite potentially agricultural products.

An economic downturn that could weigh on consumer spending also fed into his dovish outlook.

Geopolitical tensions remain a challenge

More alarmingly, Roche is not convinced that the Ukraine war is moving towards an end. Continued geopolitical tensions, he noted on CNBC’s “Squawk Box Europe”, will remain a downward pressure on the equities market.

We’re not arming Ukraine to win; we’re arming it not to lose. That means this time next year, war of attrition would be ongoing. Worst scenario being Russia starts to win the war of attrition. So, no, we’re not near a bull market.

Roche sees China as another potential headwind for 2023 – be it as a support to Russia or its strategic issues directly with the United States.

A better move, in this environment, is to bet on Euro against the U.S. dollar, he concluded.

The post Don’t expect a bull market anytime soon: David Roche appeared first on Invezz.

You Might Also Like
  • 7 Things I Wish I Knew When I Started Trading
  • Buy Tesla stock even though its Q4 deliveries missed estimates: Analyst
  • Top Hang Seng index constituents to watch in 2023
  • Jim Cramer recommends owning homebuilder stocks: here’s why
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Fairlead’s Katie Stockton expects new market lows in 2023
next post
Blackstone’s beset property fund secures a massive investment

You may also like

Dow Jones, the S&P 500, and Nasdaq price forecast after...

December 31, 2022

7 Skills You Have To Master To Play In The...

December 29, 2023

Binance users withdraw $2 billion in 24 hours

December 13, 2022

Ocado share price is soaring but major headwinds remain

January 9, 2023

3 scenarios for the US economy in 2023

November 30, 2022

Jim Cramer disagrees with Jamie Dimon on recession

December 6, 2022

Buy Tesla stock even though its Q4 deliveries missed estimates:...

January 3, 2023

Apple is the best stock in the world (for all...

December 1, 2022

Is Lululemon Athletica eyeing a Santa Claus rally to the...

December 7, 2022

Pro: buying Peloton stock is ‘absolute nonsense’

December 23, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,450 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Sophie Karp names her top stock...

    December 29, 2022

    Verizon versus AT&T stock: analyst reveals...

    December 19, 2022

    Cathie Wood’s ARK buys 74,792 more...

    January 12, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here