Joel Elconin – China Re-Opening Potential For Markets, Tech Continues To Struggle While Value Is Doing Well and Oil’s Bounce It Is The Start Of Another Uptrend
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to share his outlook for 2023 in terms of China, US markets and the oil sector.
We start with China and all the news around the county’s citizens being able to travel more freely as Covid restrictions have loosened. We look to what a re-open could do for the markets. We then move to the continued rotation out of tech and into value stocks. Look at today with the NASDAQ down around 1% with the Dow in positive territory. We wrap up with comments on oil and oil stocks. Is all the optimism for next year warranted.