2023 Outlook: Bear with it
Comment of the Day

November 21 2022

Commentary by Eoin Treacy

2023 Outlook: Bear with it

Thanks to a subscriber for this report from Goldman Sachs which may be of interest. Here is a section:

Eoin Treacy's view

A lnk to the full report is posted in the Subscriber's Area. 

The big question for investors is whether this is a cyclical or structural bear market. The exogenous shocks that come to mind are COVID, the response to it, and the Russian invasion of Ukraine. The private sector leverage is not focused in the consumer sector, but there has been extensive use of leverage in private investment, crypto and institutional investment areas not least in pensions and endowments.

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