Paper Alfa's 2023

Forecasting is Nonsense

What a year this has been. I have to be honest; what turned out to be a Fed one-two hike scenario turned into something that only a few of us could have foreseen a year ago. I certainly did not expect any of those market moves this year, at least not to the extent we have seen.

This brings us nicely to what to watch out for and expect in 2023. Look, I k…