TopPicks from John Zechner, chairman and founder, J. Zechner Associates
MARKET OUTLOOK:
Interest rates remaining “higher for longer” as well as earnings are the biggest risks for stocks in 2023, much as rising interest rates were the biggest risk last year. The economic data has remained robust, but aggressive rate hikes have yet to show up fully in the economic numbers, primarily because the economy had a lot of momentum going into the rate-hiking period.
So how do we factor also this outlook into a cohesive, low-risk strategy for investing in 2023? Our simplest call is to increase exposure in bonds to at least a market weight . Cash returns have risen and we prefer holding cash over preferred shares at this time since we still see some credit risk from the preferred share sector as economic growth slows. In terms of stocks, it is more of a conundrum.
After January’s rally, we have moved back to an underweight position in stocks . We reduced technology stock exposure as we want to see how the economic slowdown will impact some of the key growth areas of the past few years, particularly cloud services, phone sales and mobile advertising. We have maintained a strong weight in semiconductors, though, as they have already adjusted to lower estimates and still need to rebuild productive capacity given the ongoing chip shortage in key sectors.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Integrity commissioner investigating John Tory’s “inappropriate relationship”Toronto's integrity commissioner is investigating former mayor John Tory's affair with someone who worked in his office. Commissioner Jonathan Batty says To
اقرأ أكثر »
JOHN DeMONT: Jim Nunn a towering figure who dominated the media landscape | SaltWireOn Monday, I heard plenty about the fearless and fearsome ways of the fabled Nova Scotia broadcaster Jim Nunn, who died on the weekend at age 72. Many of ...
اقرأ أكثر »
John Ivison: Ukraine desperately needs Canadian drones, but we’re not offeringUnmanned aerial systems, once known as \u0027the poor man’s air\u002Dforce,\u0027 have become the weapon of choice in the wars of the 21st century.
اقرأ أكثر »