This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook is uncertain, the U.S. government has been in turmoil, and wars and conflict are spreading across the globe.
“Rarely have I seen such disarray in the world, with financial markets, politically, and otherwise,” says William Priest, executive chairman and co-chief investment officer at Epoch Investment Partners in New York, and a respondent to our fall 2023 Big Money poll.