. But if there's a consensus view, it's that this year will be a volatile one.
"Globally, we share our US Equity Strategy team's view that 2023 will be a year of very modest gains as part of a messy post-crisis normalization similar to 2002-2003 and 2010-2011," wrote Global Head of Research Graeme Pearson; Head of US Research Mark Odendahl; Head of Canadian & APAC Research André‐Philippe Hardy; and Head of European Research Michael Hall in a recent note.
"We switch into best ideas that we also view as offering more attractive positioning in the current environment," they wrote."We increase our Health Care weighting and decrease our Materials and Real Estate exposure, bringing our sector weightings more in line with the benchmark. We also increase our Financials exposure, now modestly Overweight vs. the benchmark."
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