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By Fisher Investments Ireland, 15/05/2023
Fisher Investments Macro Insights Q2 2023
Macro Insights: Fisher Investments’ global macro perspective in charts
We believe a new bull market is near or already underway. Equities that fell the most during the downturn have led the recovery so far, but this “bounce effect” has a limited lifespan. If an economic downturn arrives in 2023, widespread recession expectations likely mute its impact, and dour sentiment regarding inflation, falling earnings and US regional banking problems helps set the stage for positive surprise and strong equity returns going forward.
Investing in financial markets involves the risk of loss and there is no guarantee that all or any capital invested will be repaid. Past performance neither guarantees nor reliably indicates future performance. The value of investments and the income from them will fluctuate with world financial markets and international currency exchange rates.
Fisher Investments Ireland Limited, trading as Fisher Investments Europe, is authorised and regulated by the Central Bank of Ireland (CBI), and is wholly owned by Fisher Asset Management, LLC, trading as Fisher Investments (FI). Fisher Investments Europe delegates portfolio management to its parent company, FI.