/perspectives/macroeconomic-research/10-macroeconomic-themes-for-2023

10 Macroeconomic Themes for 2023

10 charts illustrate the macroeconomic trends we believe are most likely to shape the investment environment in 2023.

January 27, 2023


Guggenheim Investments’ Macroeconomic and Investment Research Group identifies 10 macroeconomic trends likely to shape monetary policy and investment performance this year.

  1. Inflation Will Fall More than the Fed Expects
  2. The Unemployment Rate Will Rise from Historically Low Levels
  3. A Recession Will Start Around the Middle of 2023
  4. Strong Credit Fundamentals Will Limit Spread Widening
  5. Attractive Yields Will Drive Fixed-Income Returns
  6. High-Quality Fixed Income Will Outperform Equities
  7. Bonds Will Again Provide Diversification as Fed Wins the Inflation Battle
  8. Structural Housing Supply Shortage Will Limit Downside to Home Prices
  9. China Reopening Will Boost Energy Demand
  10. Divided Government and Narrow Majorities Will Spur Debt Limit Drama
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VIDEOS AND PODCASTS

Are Fixed-Income Investors Being Compensated for the Risks They Are Taking? 

Are Fixed-Income Investors Being Compensated for the Risks They Are Taking?

Maria Giraldo, Investment Strategist for Guggenheim Investments, joins Asset TV’s Fixed Income Masterclass.

Macro Markets Podcast 

Macro Markets Podcast Episode 41: Quarterly Macro Themes for Q3 2023

U.S. Economist Matt Bush, Investment Strategist Maria Giraldo, Investment Strategist Chris Squillante, and Economist Jerry Cai join Macro Markets to discuss the latest Quarterly Macro Themes, which takes a deep dive into issues helping shape our baseline economic views.







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Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Advisors, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC.

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