Crossmark's Robert Doll issues 10 predictions for 2023

Crossmark's Robert Doll issues his 10 predictions for 2023, with the theme being "The Fed Calls the Shots."

1. The U.S experiences a shallow recession as real GDP is in bottom ten of last 50 years

2. Inflation falls substantially, but remains above Fed’s target.

3. Fed funds reaches 5% and remains there for the balance of the year.

4. Earnings fall short of expectations in 2023 due to cost pressures and revenue shortfalls.

5. No major asset class is up or down by a double-digit percentage for only the fourth time this century.

6. Energy, Consumer Staples, and Financials outperform Utilities, Technology, and Communication Services as Value beats Growth.

7. The average active equity manager beats the index in 2023.

8. International stocks outperform the U.S. for the second year in a row (first time since 2006-2007).

9. India surpasses China as the world’s largest population and is the fastest growing large economy.

10. A double-digit number of candidates announce for President.

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