The US nor Europe have really been in recession and rates are still set to rise, wait 6 months and re-assess.
Right now too many unknowns, China now spreading misinformation in US. Ukraine war. GOP win might destabilize Western power bloc. Chip war. Taiwan.
There is plenty of space for growth, the problem is so much growth is already priced in. Take a look at Digital Ocean for example, everything is still overvalued as f*ck. If this is the bottom it was a fast one, I expect more sideways in entirety of 2023.
"There is plenty of space for growth", where did you get your knowledge about economics ?
You know what stagflation is which we are already having for a year ?
Jim Cramer said a few days ago that stocks could bottom later this month - so, obviously we are far from bottom.
There is a simple rule, Always do the opposite of what Cramer says.
The index going against Jim cramer's recommendation is always green...
Now, seriously - I sold all my position on Jan. 2022 and up until now I am cash heavy. I am staying away from the market for now. the geo-political situation is too unstable and we don't know how it's going to end. Ukraine-Russia conflict, China's recent move, energy prices which will lead many business to fill for bankruptcy... no one can predict, let's just imagine Putin decide to fire a nuclear missile on Ukraine the market would panic and we could see a crash.
That being said, good luck if you're in.
Easy to predict what will happen.
This winter EU will go massivly down because of limitations of energy and gas.
Production will decrease.All companies already declared to fire a lot of employes.
Small/Middle class companies will go insolvent.
High inflation because of low productivity.
Skyrocketing prices for oil and gas creating even higher inflation.
Consumtion will go massivly down to basics needs only.
US increasing interest rates to about 6% to hurt china before going to pivot
Mass exodus from "ukraine" to EU creating a big food and appartment crisis
EU forcing RE owners to accept immigrants in their property against their will.
Countries and communities going out of money and implementing new heavy taxations
From dec 1st no more oil from Russia to EU so diesel will be limited too.
No more adblue which is needed so trucks are able to drive in the EU
US having oil reserves for only 27 more days
EU having gas reserves for 2 more months.
Mass demonstration inside the EU with military going on the streets.
Yeah it looks so bright that we might see a new ATH soon