Cardinal Quarterly – January 2023
Market Outlook – BULLS ARE BACK IN 2023 – We believe the challenges of 2022 will
lead to opportunities in 2023.
There’s no question that a rash of negative economic news and political unrest dragged global stock markets down for much of last year. A year ago, the virtual consensus among economists and central bankers was that inflation would be transitory but instead rising prices picked up speed. Russia’s invasion of Ukraine was certainly one of the contributing factors but it also created more geopolitical instability.
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