Investors must 'sell' all mid-cap stocks, says Mookim.
The S&P 500 may see a 15% downside this year in a base case scenario, according to J.P. Morgan's Sanjay Mookim.
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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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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"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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Financials, staples, real estate, industrials, and healthcare (selectively) can do well in 2023, according to Mookim