Inflation, recession, high interest rates, mortgage stress, war and cost-of-living pressures, just some of the cheery headlines that we can look forward to in 2023. Or is the future looking more benign? This is the first fresh episode of the year and my guest is Dave Sekera chief U.S. market strategist for Morningstar. Dave is the author of Morningstar’s Stock Market Outlook for 2023 which is the basis for this interview. Following are the key points covered:

• Stocks are trading at a deep discount to our fair value estimate.
• Volatility will remain high over the first half of 2023, but market should begin sustained recovery in second half.
• Headwinds identified at beginning of 2022 are forecast to turn into tailwinds in second half of 2023.
• High-quality companies with wide economic moats especially attractive.

Find out more at the blog post: https://www.stocksforbeginners.net/blog/sekera

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