Market: Tinkoff Investments analysts are quite skeptical about the stock market next year: the key rate reached 16% by the end of 2023, which negatively affects consumer demand and company profits, and therefore reduces the prospects for stock growth.
At the same time, bonds and deposits, which are less risky assets, are becoming more attractive.
Unlike Alfa, they believe that there are almost no undervalued stocks left on the market. And they recommend reducing the position in stocks in favor of bonds, which provides a better risk-return ratio. For those who want to take a risk, Tinkoff Investments advises focusing on companies with a low debt burden and low dependence of profits on the strengthening of the ruble. These are IT companies and companies that focus on domestic demand.