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The Street
The Street
By Dan Weil The online retailer’s founder will come back to deal with its woes, said Michael Batnick of Ritholtz Wealth Management. Plenty of financial-market professionals have spit out predictions for 2023 in the last few weeks. These forecasts are often wrong, as when the consensus view called for an increase in stock prices during 2022. Instead, the S&P 500 fell 19%. Michael Batnick, a managing partner at esteemed Ritholtz Wealth Management, acknowledges that annual predicting is futile. “Market predictions are silly. We all learned this a long time ago,” he wrote in a commentary. “But tha…
