A recession could be postponed for years, and the stock market is poised for a big bounce after it gets through recent turmoil, Fundstrat says

• Stocks could take off this year as the US delays a recession, Fundstrat's Mark Newton said.
• Newton pointed to falling interest rate expectations, which are a "big positive" for the market.
• He predicted the S&P 500 could finish 2023 at 4,500, implying a 13% increase from current levels.

A recession could be postponed for years, and the stock market is poised for a big bounce after it works through the current wave of banking turmoil, according to Fundstrat's global head of technical strategy Mark Newton.