Deutsche Bank’s Nolting says US stocks due for a ‘reality check’

Possible contraction: Pedestrians pass a subway station near the New York Stock Exchange. US stocks continued to climb on optimism fuelled by robust earnings from technology companies. — Bloomberg

Singapore: The US stock market may suffer a correction in coming months as the economy slows, according to Deutsche Bank AG.

The world’s largest economy may post 0.8% annual growth this year, down from a forecast of 2.3% for 2023, said Christian Nolting, Deutsche Bank’s global chief investment officer.