The Emerging Markets and the Economy

To kickstart Season 14, Schwab experts look ahead to consider what investors might expect in the second half of 2023.

First, Mark talks with Liz Ann Sonders, Schwab's chief investment strategist. Liz Ann offers her perspective on the direction of the U.S. economy and stock market.

Next, Jeffrey Kleintop—Schwab's chief global investment strategist—discusses the possibility of a slowing global economy and what this could mean for the world's markets.

Then, Mark speaks with Kathy Jones, Schwab’s chief fixed income strategist. Kathy looks at what bond investors might expect from the Federal Reserve and fixed income assets in the remainder of 2023.

Finally, Mike Townsend, managing director in Schwab's Office of Legislative and Regulatory Affairs, offers his outlook for what's next for Washington now that the debt ceiling drama is resolved.

Read the full 2023 Mid-Year Market Outlook from the Schwab Center for Financial Research.

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Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

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Diversification, asset allocation, and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Rebalancing may cause investors to incur transaction costs and, when a nonretirement account is rebalanced, taxable events may be created that may affect your tax liability.

International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.

Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.

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