Is the bad news in the price?

Ten key themes

After a bruising 2022, risk-asset valuations are set to start 2023 with much lower expectations priced in.

But with such a low estimate hurdle to climb over, should the global economic growth and inflation outlook prove to be better than it does currently, then this could herald significant rewards for patient investors, with gains possible across a range of asset classes, and crucially, in both equities and bonds. We have identified ten key themes that investors should closely monitor in 2023.  The crucial inflationary debate is still far from settled It is likely that the equilibrium between labour demand and supply will increase in 2023 due to lower economic growth, recession risks an...