Macro Insights Q1 2023

Macro Insights: Fisher Investments’ global macro perspective in charts

We believe a new bull market cycle is close, if not already underway. Growth should outperform early as the hardest-hit equity categories rebound, but cyclical value stocks may take over by yearend. Widespread pessimism over inflation, central banks and recession is likely priced into markets creating an opportunity for positive surprise in 2023.