Morningstar’s Third Quarter 2023 US Stock Market Outlook

US equity markets have risen 8% thus far this year, yet still remain another 8% undervalued compared to a composite of our equity research coverage. However, the clouds are darkening as the economy stagnates and forecasts to contract in the third quarter. Markets may become increasingly choppy as weaker earnings growth could sour sentiment. In order to break through the ceiling of the trading range we have been in since last fall, investors will be looking for a rebound in leading economic indicators. Join Preston Caldwell & Dave as they provide their outlook for the markets and economy and discuss how investors may want to position their portfolios to ride out the near-term storm and take advantage of the market rally once the squall subsides.