This year, markets have been ruled by hot inflation. Analysts weigh in on the megatrends that could dominate in 2023.
This year, markets have been ruled by hot inflation, with investors flocking to stocks that benefit from rising prices. "The surge in inflation has been a dominant—if not the dominant—financial market theme of 2022," said Wells Fargo in a note, noting that global consumer inflation accelerated to multi-decade highs. Will that theme continue to dominate in 2023, or will other developments take its place? These are the mega themes to come, according to analysts.
A stop to rate hikes in the United States and a peak in inflation may cause the U.S. dollar, which has been surging all year, to pull back, analysts said. The dollar index — which gauges the currency against its major peers — is up around 8.5% year to date. "An end to U.S. rate hikes and an end to U.S. economic growth are factors that should bring the greenback's renewed gains to an end by early next year," Wells Fargo said. But it added that the dollar could gain another 3.
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