US stocks become more attractive with expectations of an economic slowdown

The strategists said inside Bank of the citizen groupTech and US stocks are becoming more attractive in light of expectations of a slowdown in the global economy next year.

The bank was forecasting an 18% rise in global equities at the end of 2023, but warned that equity markets would witness some fluctuations.

He added that investors’ attention will increasingly shift to equity return risks, noting that they should continue to favor defensive stocks as well as cyclical stocks.