Sameer Samana is a senior global market strategist for Wells Fargo Investment Institute, the global investment strategy arm of Wells Fargo Bank. Read on as we ask Samana about opportunities in the current market, as well as the phases of a bear market and which sectors to avoid.
What's your outlook for the stock market in the second half of 2023? The analogy I'd use is that it's like looking out over a valley. Once you're on the other side, you'll be on level ground around the same height. Topographically, you'll probably descend into a valley, then spend the latter half of the year climbing back up. For markets, that means we're range bound, but the risk will be to the downside. Our year-end target for the S&P 500 is 4,000 to 4,200.
