GAM's Active Thinking 16 December 2022

In our 2023 Outlooks David Dowsett, Global Head of Investments, highlights eight charts he thinks may signal the direction of markets in 2023, and a number of our investment professionals across our key capabilities give their outlook for 2023, including Stephanie Maier on sustainability.

Inflation, the war in Ukraine and China’s faltering growth have challenged global markets this year. GAM Investments’ Julian Howard examines each of these factors in turn and explains why he believes investors could be facing a crucial juncture again after eleven months of market volatility.

The Federal Reserve (Fed) raised rates by 0.5%, as widely expected, to a 4.25-4.5% range. This was an already priced in dovish hike, but the more hawkish commentary that came with it sees the Fed still raising rates in the following meetings...

Rounding off the more important trifecta of central bank hikes, the European Central Bank (ECB) went ahead with a 50 bps increase in rates, affirming a coordinated slowing of hawkish hike quanta but not necessity hawkish hike length...

Another central bank meeting and another rate hike. This time from the Bank of England, which raised rates by 50 basis points (bps) to 3.5%, as predicted by markets...

For more expert insights visit our website gam.com/our-thinking.