Market Outlook 2023

January 10, 2023

What’s Important:

  • A mild recession in the United States is likely, and Europe will endure a deeper recession driven by energy in the first half of 2023.
  • China will continue to see economic challenges based on its COVID policies and rising geopolitical tensions.
  • 2023 is likely a highly bifurcated year for investing, with stronger fixed income returns, modest equity returns and a “stay-at-home” approach favoring U.S. equities versus international.

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