Lion Global wrote a post · Feb 15, 2023 22:43

Market Outlook 2023 - The Hour before Dawn

2022 was a difficult year as markets priced in a war in Ukraine, persistently high inflation, record interest rate hikes in the US and an economic slowdown in China. The macro backdrop in 2023 is much better as we are near the end of the interest rate hiking cycle in the US, and China is finally reopening. It is too early to turn positive on US equities as valuations are too high with significant risks to earnings. The theme that stands out in early 2023 is China’s reopening. We are positive on China equities which has improving fundamentals while still trading at attractive valuations.
Read our 2023 Market Outlook - The Hour Before Dawn written by our Chief Investment Strategist, Lim Yuin.
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