How to Play a Stock Rebound, No Recession: Economy Chief
- Stocks have taken a hit in 2022 as economic growth falters, inflation rises, and war rages.
- But Russell Price, Ameriprise Financial’s economy chief, is bullish on stocks and the economy.
- Here are the three sectors that Price likes most with stocks set to rally by over 10% this year.
From a shrinking economy to high inflation to the Russia-Ukraine war, there’s been no shortage of headaches for investors this year. But the economy chief at a $30 billion financial planning firm believes that by the end of the year many of today’s biggest concerns will be a distant memory.
In a recent interview with Insider, Russell Price, the chief economist of Ameriprise Financial, said he expects the S&P 500 to end the year at 4,700 as the US avoids a recession. For the widely followed index to hit that mark, it would have to…
