Thoughts on 2023

Susan Jung |

Happy New Year!
I’m glad to see 2022 behind us; it was a very difficult year and I think you would agree. I’m hopeful that 2023 will be a welcome relief from the volatility and uncertainty that we have experienced in 2022.
We will be providing to you in the near future a presentation video where I will be discussing our outlook for 2023. We feel it’s important that you understand how we think about the world and how it impacts your portfolio strategy. 
The issues that we are mostly concerned about include the following:

  • The pace of interest rate increases.
  • Challenges on an international basis that will affect the US economy.
  • Uncertainty around the depth of a possible recession.
  • The direction of technology investing, particularly given the challenge in 2022.

Of all of the issues listed, we believe the primary issue to assess is what the Federal Reserve will do. Everything will likely cascade from their decisions, including whether or not we enter a recession (how deep it might be). Chairman Powell has already suggested the Fed will likely slow the increase in rates, but has left the door open to continue tightening policy. 
We will give you our thoughts more in detail over the course of the next couple weeks. 

The opinions expressed herein are provided for informational purposes only and are not intended as investment advice. All investments involve risk, including loss of principal invested. Past performance does not guarantee future performance. Individual client accounts may vary. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Destination Wealth Management cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Any links to other websites are used at your own risk.