Deutsche Bank predicts that the US stock market may experience a 5% to 10% pullback

According to Jin10's report, Christian Nolting, the Global Chief Investment Officer of Deutsche Bank, stated that due to economic slowdown, the US stock market may experience a 5% to 10% pullback. The US economy is expected to grow only 0.8% this year, far below the projected 2.3% for 2023. The stock market will face a reality check this year. However, any recession in the US economy will be temporary and the sluggish market will provide investors with opportunities for re-entry. In addition, he expects the Federal Reserve to cut interest rates three times in 2024.