"Veteran CIO Advises Investors to Shop as Bear Market Nears End"
James Demmert, founder and chief investment officer of Main Street Research, believes that the bear market is almost over and a new bull market awaits in the second half of 2023. He encourages investors to buy great companies that sell at reasonable valuations, particularly in the technology sector. Demmert advises investors to focus on companies with "moats" that will enable them to deliver consistent earnings into a contracting economy. Bank of America equity strategist Savita Subramanian also shares a bullish outlook for stocks with moats, citing 10 reasons to be optimistic about the near-term prospects of stocks.