How’s the market going to play out this year and next? Let’s turn to Principal Asset Management’s Chief Global Strategist Seema Shah — who shared her market views in an interview with Barron’s:

• 2023 will be a relatively uneventful year until late in the fourth quarter.
• She expects the US to hit a modest recession in late 2023 — lasting approximately three quarters (average length of US recession).
• As soon as that downturn hits, investors will start to get excited since they can see the other side.
• As a result, investment opportunities next year should be fairly strong.