Hay Hill Wealth CIO Stephen Dowds and Investment Director Charles Armitage share our outlook for global markets in 2023.
"2022 was a terrible year for pretty much all asset classes, with global equities down 17.7% (USD terms) and bonds down 16% (USD terms). After such a terrible year, the question is what 2023 will bring, as well as what is the medium/long-term outlook for markets."
Stephen Dowds - CIO
"The current bear market is at its heart, a transition from a long period of extraordinary monetary stimulus back to a world where interest rates, both nominal and real, return to being positive. The transition period is uncomfortable for the holders of virtually all assets, not least because investors have to establish what the “new normal” looks like."
Charles Armitage - Investment Director
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