about 2 months ago • 6:31 mins
US stock market valuations have fallen sharply in anticipation of a more difficult year ahead, and whether stock prices improve from here depends a lot on 2023’s profit picture. Top of your to-do list, then, should be forming a view on next year’s profit growth. Done the usual way, that can be an arduous task, so I've devised a novel way to do it…
One way to wrap your head around what’s going to happen next year is to pick off each company in the S&P 500, forecast each one’s prospects, and group all those forecasts together to get an aggregate picture of corporate America. (This is what’s known as a “bottom-up” approach to forecasting.)
But you’re busy, and I’m guessing you have neither the time nor the inclination for that. L
There aren’t a lot of pure AI stocks out there, but there is Nvidia. Paul breaks down everything you need to know about the chip giant and its AI future.
You can still expect a lot of whipsaw price action, but Jon’s got three reasons to believe the worst may be over.
Sure, the changing demographics in the world’s second-largest economy will create challenges. But they’ll bring opportunities too. Reda takes a look at a few of them.