Looking for surprises in 2023

'Careful not to put on the blinkers'

This year has brought shocks to many systems. Few can ignore the fact that inflation is back and the era of low interest rates has come to a close.

Pivot points like this send tremors through the markets. Bonds have experienced their worst year in history. The rocketing growth stocks that have driven equity market returns since 2008/9 have suddenly run out of fuel - low-cost capital - and come tumbling back to earth or to a much lower orbit.   Zombie companies are going under, at least in public markets. Many investors are settling in for a new world order. But we have to be careful not to put on the blinkers too quickly. Stock Spotlight: LSEG plans to challenge Bloomberg terminal with Microsoft Teams If the past couple ...