https://institutional.vanguard.com/...venmo-outlook-2023-beating-back-inflation.pdf
- 90% chance of a global recession in 2023
- Real Estate and Tech sectors likely hit hardest with layoffs
- Inflation will recede and likely will be back to ~2% in 2024 and 2025
- Bond rates should increase and the expected rate of return over the next decade is 4-5 %
- Equity valuations are getting closer to "normal" which should make for a good buying opportunity
- The return of the 60/40 balanced portfolio is here
- The corporate winners will be those that can maintain their profit margins during the expected recession and inflation reduction