Earnings Won't Be Catastrophic in '23: BlackRock's Moore

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Kate Moore, BlackRock's head of thematic strategy for global allocation, explains why she is "cautious" about stocks in the near term and says there's a chance that the economy is more resilient than expected next year during an interview with Jonathan Ferro on "Bloomberg The Open."

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That's the problem that when everyone is preparing and anticipating, becoming more "streamlined" and in a good position, sentiment goes down and mutual growth slows. The anticipation becomes a trend. This gets a little bit defensive, that gets a little bit more defensive, and so on. Growth is based on trust, faith, freedom, celebration, overspending, not rationality, restriction, fear, defense, and pessimism. It's hard to over spend at this time when liquidity is getting drained even if you put the pink tinted glasses of hers.
Actually the failure will be due to people that sharing her beliefs, that gonna trigger the crashing event out of excess positivity, negligibility, mismanagement, and their followers will be the next losers. But you know.. there's no winners without losers, and she fights for her side. Big funds can talk nonsense and absorb the losses. Retail trades might get rekt.

grgrsm
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She makes a good point. Businesses will be very cautious giving all the doom and gloomers.

castle
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Blackrock is still standing, that is crazy - who loses billions like that and keeps crawling along. Makes you wonder why the legacy media is giving them a microphone?

frederickmiles
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Delusional outlook. See ya at S&P 2900.

ticker
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did she really make the argument that nobody can tell what the earnings will be in 2023 ??? Seriously ??? Has she ever heard of funny things like "recessions" or perhaps "guidance" ??? Pretty easy to know what is going to happen....

MrZrryan
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diamandidimitrov
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kawasakialoitalau
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diamandidimitrov
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