2023 Outlook: The Tempest

Jan. 05, 2023 5:15 PM ETPBJ, SPY, DIA, QQQ, IVV, VOO, XLE, XLP, IHE, XLV19 Comments
Eric Parnell, CFA profile picture
Eric Parnell, CFA


  • The storm that descended upon capital markets in 2022 is expected to continue into the New Year.
  • The probability of a recession in 2023 remains elevated.
  • The Fed remains steadfast with tight monetary policy and corporate earnings are historically elevated.
  • Be not afraid.  Capital markets including stocks continue to offer attractive upside opportunities in selected segments.
  • Remain dedicated to your long-term investment philosophy and be temperate with any shifts in portfolio allocations.

stocksnapper/iStock via Getty Images

What begins as tragedy . . .

Whereof what’s past is prologue;

What to come, In yours and my discharge”

--Antonio, The Tempest, William Shakespeare, c. 1610-11

We are currently in the midst of a storm across financial markets. Global stocks

This article was written by

Eric Parnell, CFA profile picture
Chief Market Strategist, Great Valley Advisor Group and Assistant Professor of Business and Economics, Ursinus College

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Investment advice offered through Great Valley Advisor Group (GVA), a Registered Investment Advisor. Great Valley Advisor Group and Stonebridge Wealth Management are separate entities.

This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice. Third party posts found on this profile do not reflect the views of GVA and have not been reviewed by GVA as to accuracy or completeness.

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