Paul Schatz discusses recession scenarios, first outlining a "no recession" scenario with the Dow at 40K in 2023, then breaking down a mild recession outlook with the Dow up 15-20% in 2023. He says a moderate recession would mean another double-digit decline into the new year, and then up 5-10% for the remainder of 2023. He also outlined his current stock picks, which are Netflix, Moderna, and Bank of New York Mellon.
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