Liquidity Up, But Investors Badly Positioned

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Global Liquidity Should Rise in 2023, But Investors Are Positioned Badly

 

We expect stronger Global Liquidity in 2023. Risk assets have two moving parts – liquidity and risk exposure. We are most concerned that risk exposure looks too high, particularly compared to the weakening state of the World economy. This makes equities more risky than normal at this stage of the cycle. Elsewhere, we have suggested that better opportunities lie in precious metals and corporate debt.

 

 

 

 

See our latest published research, Global View: Global Liquidity Should Rise in 2023, But Investors Are Positioned Badly – December 2022

 

 

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