Economic, Market and Strategy Outlooks - Part IV

2022 was a bumpy ride. Will 2023 be similar for investors?

As we leave 2022 behind, allocators are looking at the key forces that drove markets over the past twelve months: higher inflation, aggressive monetary policy tightening, scarcer liquidity, and geopolitical fragmentation. Will these trends continue in 2023? Or have we entered a different phase of the cycle? The research below provides investors with crucial insights into what this year may hold for various economies and markets.

Regifting 2022: Another 2023 Road Map (Man Group)

Allocators seem to anticipate another bumpy ride in 2023. Monetary policy remains tight, liquidity is scarce and inflation still a threat. But is this analysis correct?

Perspectives: New Paradigms, New Playbooks (Goldman Sachs AM)

For compliance reasons, this paper is only accessible in certain geographies

There have been a number of crucial developments that sparked profound changes for markets throughout 2022. What will this year bring for investors?

2023 Outlook: The New Recession Playbook (NYLIM Multi-Asset Solutions)

If investors can take one conclusion from 2022 as they assess the year ahead it is this: the current cycle will look very different from the last.

2023 Global Outlook (BlackRock)

For compliance reasons, this paper is only accessible in the United States and Canada

There are three key themes underpinning 2023: central bank policy driving recession, high yields providing a source of income, and secular headwinds continuing to shape the global order.

Looking Ahead To 2023: End and Beginning Of An Earnings Cycle (MFS)

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How should allocators think of the rate of inflation, the risk of recession and consumer sentiment going forward? This paper offers some perspectives.

2023 Macroeconomic Outlook (Franklin Templeton Investments)

For compliance reasons, this paper is only accessible in the EMEA region

Investors can expect some volatility heading into 2023, so short term positioning remains defensively prudent.

Global Macro Outlook (Crescat Capital)

Macroeconomic forces will continue to shape economies and markets in 2023, as they have done over the last twelve months. Here is an overview of the most important trends.

Video: Goldman Sachs CEO on 2023’s Global Financial Outlook (WSJ)

Goldman Sachs' CEO stresses that investors can expect a mild recession as we enter 2023, caused by a number of factors, such as monetary policy overtightening.

U.S. Leveraged Loan Outlook 2023 (Pitchbook)

Leveraged loans remain an attractive alternative for fixed income investors. However, is this enough for allocators to be bullish on the asset class?