Wells Fargo: 'Moderate' US Recession to Lower Corporate Profits in '23

The video discusses the potential for a moderate recession in the US next year, with a decline in corporate profits. The focus is on the US market, quality investments, and sectors less sensitive to economic fluctuations, like healthcare. The strong dollar poses challenges, but a peak is expected in early 2023. Fixed income opportunities are explored through a barbell strategy. China's moderate recovery and sector focus are also highlighted, with skepticism about a strong consumer-led recovery due to rising COVID rates.

What is the anticipated impact of the Federal Reserve's actions on interest rates?

What challenges does the speaker foresee for consumer spending in the upcoming year?