What’s the Investing Landscape For The Rest of 2023 and 2024?
How’s the market going to play out this year and next? Let’s turn to Principal Asset Management’s Chief Global Strategist Seema Shah — who shared her market views in an interview with Barron’s:
- 2023 will be a relatively uneventful year until late in the fourth quarter.
- She expects the US to hit a modest recession in late 2023 — lasting approximately three quarters (average length of US recession).
- As soon as that downturn hits, investors will start to get excited since they can see the other side.
- As a result, investment opportunities next year should be fairly strong.