2023 Equity Outlook

The video discusses the recent market rally and its sustainability, highlighting the influence of the Fed's potential pivot and earnings contraction concerns. It examines sector performance, particularly energy, banks, and luxury stocks, in light of China's reopening. The video also explores tech earnings expectations and the broader market outlook, noting the dependency on tech stocks. Finally, it addresses recession fears and the shift towards bonds, with insights into investment strategies and potential market recovery.

What is the main concern for the equity markets going forward?

• Rising inflation

• Earnings contraction

• Political instability

• Increased interest rates

Which sector is expected to benefit the most from China's reopening?

• Luxury stocks

• Healthcare

• Energy

• Technology

Which sector has been one of the top performers this year?

• Technology

• Real estate

• Energy and miners

• Healthcare

Which European index was one of the first to enter a bull market due to optimism over China's reopening?

• FTSE 100

• CAC 40

• IBEX 35

• DAX

What is the expectation for tech earnings in the coming year?

• Significant growth

• Rapid recovery

• Stagnation

• Another year of contraction

Why are investors shifting towards bonds?

• Government incentives

• Lower risk

• Recession fears

• Higher returns

What is the expected impact of a potential Fed pivot on equities?

• Continued decline

• No impact

• Immediate recovery

• Gradual recovery in the second half