First of all, anything written herein is NOT financial advice. Please consult your own professional advisors for any matters related to investments.
I am sure many of us are glad 2022 is over. We all hope 2023 will be a much better year. An end to the Ukraine war. An end to rising inflation. And equally important, a serious attempt to end global warming. We are already seeing its effects. Mother Earth unleashing a punishing winter this round.
Many bankers have predicted a recession in 2023. How much further south has the stock market got to give? Some say 20% while doomsday sayers shout another 30% drop at least.
In any typical cycle, a downturn lasts two years on average. So, we may probably see another down market in 2023. The war in Ukraine may get worse. China may start a naval blockade of the seas around Taiwan or worse, a massive amphibious invasion. Extreme climate conditions will exacerbate the already worsening food crisis. Buy Agri and Defense theme stocks?
2022 has seen punctures to many tech stocks’ bubbles halting their unbridled rise in valuations. A healthy correction. Perhaps, it is time to relook at some tech stocks such as infrastructure provider like AMZN. Everyone needs hosting. Will telcos begin to feel like print press a decade ago?
EVs competitions are hotting up across the globe. Although Tesla has been the vanguard in EV adoption, other equally well-funded competitors are rising to the fore. It’s an even game for TSLA.
May the best win. Personally, we love EVs from Mercedes Benz – sleek.
Spotting the macro trend maybe a good way to guide your trading decision in 2023, especially if you are on the LONG side of trading. We believe 2023 will bring greater uncertainty. We all hope that dawn breaks soon, but until then, trading on macro trends seems to be the safest bet. And consider using a stock trading bot to aid you in your buying and selling.