Top picks from Bruce Murray, CEO and CIO, The Murray Wealth Group.
MARKET OUTLOOK:
As to the market we are constructive, we have been both climbing and slipping on the “wall of worry” for 18 months since the top of the market in 2021. We are now focussed on a recession which may or may not came as the economy completes recovery from the pandemic and adjusts to higher borrowing costs, and long lead time companies work through inventory accumulated by over-ordering during the pandemic. We think the economic bottom will be some time in the first half of 2024 when demand for services slows. A recession will be mild if at all.
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