By now I’m sure you’ve read a few 2023 market outlooks and you’re probably not expecting much upside.
Sentiment surveys reveal professional and retail investors are universally downbeat. After all, sticky inflation means the Fed will keep raising interest rates, all but ensuring a recession.
From where I stand, the bears may have it wrong.
I’ll make the case of why stocks can be a good bet in 2023. When pessimism is this widespread, it usually pays to take the other side of the trade.
