MILAN – What will 2023 be like for the markets? “It will be better than in 2022,” write several financial analysts. And it sounds ironic: “better” is not enough, closing one of the most disastrous years which, one month from the end, marks -17% on the global equity index Msciand one iota better than the global bond basket. Only four other times in history have stocks and bonds fallen arm in arm.
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