In 2022, most investments declined in value. This was the worst year in 95 years for bonds. It also saw a run-of-the-mill, average bear market for US and international equities. On the other hand, alternative investments, by and large, gained value in 2022.
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To start 2023, our investment research partners at IM Global Partners believe we have a better-than-even chance that the US does enter recession. They expect a mild recession, at least in part due to the employment situation for working-age Americans. Furthermore, they believe that investment opportunities will improve in 2023 compared to years past if we do enter a recession.
Regardless, our research team with IMGP gives us an optimistic forecast. The news has been, and likely will continue to be negative. In America, our news is more negative than the rest of the world. “87% of stories by U.S. major media outlets are negative in tone versus 50% percent for non-U.S. major sources and sixty four percent for scientific journals.”
Apparently, we are more optimistic than most. It has been the case, and is likely to remain true, that after a decline comes the recovery. It is also likely true that when things are most difficult, the best investments are made. Contact your wealth manager for further information.