Back to the 2000's?
After a miserable year in 2022 and continued stock market volatility, we believe the contours of the next bull market are beginning to take shape. After a decade of growth at any price, we believe many high-flying technology and consumer names are retrenching, allowing the forgotten areas of the market to assume the spotlight. In this week’s update, we discuss the impact of this asset allocation shift and areas that we think stand to benefit in 2023.
Key Takeaways:
- We believe prior leadership, such as technology unlikely to make a return to leadership
- As the market moves lower, gold and commodities have been moving higher
- We think China’s reopening could be the story of 2023 – position for impact
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