Indian Markets May Consolidate In 2023, Says JP Morgan's Sanjay Mookim

Investors must 'sell' all mid-cap stocks, says Mookim.

"More Downside For U.S. Markets"

The S&P 500 may see a 15% downside this year in a base case scenario, according to J.P. Morgan's Sanjay Mookim.

"Year Of Consolidation For India"

Indian markets may see yet another year of consolidation as valuations are higher than the pre-pandemic quarter of December 2019, Mookim said.

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Contra Call: Underweight On I.T.

Mookim is 'underweight' on I.T. companies due to concerns about a slowdown and uncertainty about how long it will last. 

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"Sell All Midcap Stocks" 

"As we move towards a lower liquidity era, mid-cap stocks will suffer," said Mookim, who expects this segment to underperform and advises investors to "sell" them.

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Top Investment Themes For 2023

Financials, staples, real estate, industrials, and healthcare (selectively) can do well in 2023, according to Mookim

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