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.

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