Divine inspiration: Opportunities to look forward to in 2023

Equities remain attractive

The month of January takes its name from the Roman god Janus, whose two opposing faces depict duality and transition, endings and new beginnings.

This god of gateways looks both backward and forward, and if ever there was a January to excite him (he is generally depicted with a beard), then this is surely it. As he looks backward, then by any measure 2022 was a horror show for most investors, as it was in the real world for the many oppressed people around the world. The Great Rate Reset led to a sharp repricing for most financial assets, leaving few places to hide. Cash was king, and only pockets of less directional alternative strategies and some commodities made any meaningful gains. Anyone wanting a quick lesson on how interes...