Here’s why it’s time to sell stocks and prepare for a recession in the second half of 2023, according to 7 top Wall Street firms like JPMorgan, Morgan Stanley, and more

4. Truist

S&P 500 price target: 4,150 (Average of 3,800-4,500 range)

Stock market outlook: The risk-reward setup for the S&P 500 is skewed to the downside in the second half of the year, according to Truist. However, the firm upgraded its view on equities to neutral in early June after being defensive since the start of 2022, when market unrest began.