"Investment Firm Predicts 'Once-in-a-Generation' Buying Opportunity as Profits Soar Across the Stock Market"

Investment firm Richard Bernstein Advisors predicts that the stock market is approaching a "once-in-a-generation" buying opportunity as corporate profits are set to take off across various sectors. Despite concerns of a hard landing or recession, the firm believes that the economy remains healthy and expects earnings to accelerate into 2023 and 2024. With GDP growth at its highest pace since 2006 and numerous US firms reporting significant earnings growth, the firm sees potential for profits to jump in almost every area of the stock market, except for overvalued tech giants. Other market forecasters also remain bullish on stocks, despite recent declines.