Investors are position their portfolios for 2023. According to the survey performed by bank of america research, the best asset class for 2023 is expected to be government bonds, followed closely by stocks and corporate bonds. In other words, the market is positioning for a risk-on world where the #fed slows or stops hiking rates, there is no recession and credit events (downgrades, defaults) remain low. And as you can see in the lower part of the chart, they are putting their money where their mouth is, since they are overweight bonds for the first time since 2009.
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