Outlooks

5 for ’23: Equity markets

After a tough 2022, the outlook for 2023 is still dominated by inflation and policy–and corporate earnings could be the next shoe to drop.

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December 13, 2022 | 8 minute read

After a tough 2022, the outlook for 2023 is still dominated by inflation and Fed policy. We look at why corporate earnings may be the next proverbial shoe to drop, the true catalyst for a durable market rebound, and where to find value as margins come under pressure.

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Any projections, forecasts and estimates contained herein are based upon certain assumptions that the author considers reasonable. Projections are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. The inclusion of projections herein should not be regarded as a representation or guarantee regarding the reliability, accuracy or completeness of the information contained herein, and neither FS Investments nor the author are under any obligation to update or keep current such information.

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Andrew Korz, CFA

Executive Director, Investment Research

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