3min chapter

The Macro Trading Floor cover image

A 2023 Global Macro Outlook | Alfonso Peccatiello & Andreas Steno Larsen

The Macro Trading Floor

CHAPTER

Asset Allocation in 2023

The first half of 2023 will look ugly in inflation terms in Europe, at least in co-inflation terms. The Chinese reopen may actually be that the reopening will go ahead with full steam. It may turn out better than anticipated as a consequence of this. I find positioning to be extreme heading into 2022 in many ways.

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