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Strategists said in City Group BankTechnology stocks and US stocks are becoming more attractive in light of expectations of a slowdown in the global economy next year.
The bank expected global stocks to rise 18% at the end of 2023, but warned that stock markets would witness some fluctuations.
He added that investors’ attention will increasingly shift to risks on stock returns, noting that they should continue to prefer defensive stocks as well as cyclical stocks.
