Remain Defensive at the Start of 2023, T. Rowe Price Says

The video discusses current market conditions, focusing on earnings forecasts and valuations in the US and Europe. It highlights China's economic recovery post-COVID, suggesting investment opportunities in Asian markets. The discussion also covers the US dollar's outlook, interest rate differentials, and the potential impact of a recession. Finally, it provides insights into fixed income investments, emphasizing the return of yields and the quality of issuers in the bond market.

What is the speaker's outlook on the dollar and its potential weakness in 2023?

How does the speaker characterize the current environment for bonds and fixed income investments?

What is the forecast for default rates in the US high yield market next year according to the speaker?