I Still Expect the Stock Market to Reverse the Most Recent Move Higher in 2023

The Fed is raising rates aggressively into a underlying slowdown that's much more mature and much deeper than what people expect. And the market's going to start to run into some trouble here, something that we really haven't seen during this downturn at all so far. "I think that investors need to sort of prepare themselves for a market that is, in my view, making a mistake," he says.