Strategist: Stock markets will rise in 2023‎

Brian Levitt, a global market analyst at the American investment management company Invesco, revealed expectations of a rise in stock markets in the year 2023.

Speaking to Business Insider, the strategist revealed his expectations for the new year and where to put your money, as the Fed’s policy approach begins to shift.

He said: It is likely that the economy will outgrow what we believe to be a more moderate recession, but we expect the markets to recover in parallel and that it will be a more positive year for risky assets. I believe that the market has bottomed out for this cycle. However, in the near term, the market may correct some of that downside. Which will likely start to happen as the Federal Reserve stops its anti-inflationary policies following its decline, and the market starts pricing in a new cycle.

The Invesco analyst believes that we are in a period in which we may face some negative risks in the near term, pointing out that the part of the market that is trending for the better [in this environment] is credit or high-yield corporate bonds. He pointed out that in the event of a recovery, investors could be exposed to the financial, commodity and industrial sectors.