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2022-12-19

$Bank of America(BAC)$ The preview of 2023 for the stock market includes a warning the selling pressure could continue when the Fed's interest rate hikes push the economy into a recession. The positive spin is that a more modest economic slowdown might be enough to reduce price growth to a level near the central bank’s annual target of 2% and set the stage for a strong second half rally. The line of thought is that with stocks already trading at multiples that suggest recession, the market could take off when the expectation becomes that the U.S. economy will see growth. Barron's top ten picks for 2023 list for the new year includes$Alcoa(AA)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $Bank of America(BAC)$ $Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ $Comcast(CMCSA)$ $Delta Air Lines(DAL)$ $Medtronic PLC(MDT)$ $MSG Sports(MSGS)$ $Toll Brothers(TOL)$. Two of the stocks, Amazon and Berkshire, are holdovers from the outperforming 2022 list.

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