Josh Brown issued a warning for investors on Tuesday, noting that new bear market lows could soon be reached.
I think we break the October lows," Brown, the CEO of Ritholtz Wealth Management, said Tuesday on CNBC's " Halftime Report ."
Brown pointed to one view held among even bullish strategists on Wall Street that stocks will sell off in the first half of 2023, before rebounding in the second half of the year.
"It's so much more rational to be in that camp, given all the headwinds, all of the negativity," Brown added.
Brown named aerospace and defense as his favorite sector for 2023, saying equities in the sector will serve as an hedge for growing geopolitical risks this year.