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And if something more than a “mild recession” were to hit, EPS could drop as low as $180, matching the of Morgan Stanley’s CIO and chief U.S. equity strategist, Mike Wilson.
Source: https://fortune.com/2023/01/25/jpmorgan-top-strategist-warns-stocks-10-percent-drop-ahead/
Where economists and analysts are predicting an earnings recession in the first part of 2023, key strategist Mike Wilson believes the markets will bottom in early 2023 but also predicts that the S&P 500 will rebound to 3900 in the second half of the year.