European stocks are heading for a lower open on Wednesday, bucking a positive trend seen in the previous session.
Stifel's Barry Bannister says there is "room for a rally" after two straight days of gains
"I don't think you have to worry about a recession until the second half of '23," Stifel chief equity strategist Barry Bannister said Tuesday on CNBC's "Closing Bell: Overtime." "So there is room for a rally as you go into the early part of next year." "Inflation leading indicators are all falling, global liquidity has tightened quite a bit. They don't want to kill the patient to cure the disease," Bannister said. "And if the data kept going their way, then the pause would last, and if the data don't go their way, they would hike again and we would go right back down.
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