Page 2 - Stock Fall News Today

Wall Street's "Dr. Doom" has urged investors to stay away from traditional assets like stocks and bonds, and look to alternatives to hedge risk.

Markets are pricing in a 59% chance of a recession, down from 90% in October. But even that could be too optimistic, JPMorgan said.

The Fed will inflict damage on the economy, and investors aren't yet pricing in a recession, BlackRock warned.

The Fed blew it on inflation, and the last thing it wants to do is to stop hiking rates too soon, according to former Fed president Richard Fisher.

Emerging-market stocks could outperform those of developed markets, BlackRock strategists said.

The chipmaker plans to lay off 10% of its workforce and has slashed company bonuses amid a tough economic environment.

"The market typically doesn't know these types of earnings declines before it happens," Morgan Stanley's top stock strategist said.

Stocks will retest October lows as a recession and emotional volatility ravage the market in 2023, an Evercore analyst warned.

The billionaire investor estimated the Fed may raise rates to 5%-5.5%, which could weigh heavily on all markets, but especially stocks.

Next year, the S&P 500 could see nearly flat returns, Goldman's David Kostin said, estimating that it could end 2023 at 3,750 to 4,000.