Pessimism dominated the markets like never before in 2022

More favourable base for 2023 for multi-asset investors than last year

Gold breaks out - in US dollars, but not in euros

EUR/USD rate back above parity, but not yet a turning point

"Gridlock" in US policy ahead – often positive for equity markets

Short-term, bear market rally more likely than sustained recovery

Supply shortage should support oil price

US central bank surprises hawkishly and puts markets under pressure

Better prospects for multi-asset portfolios

Back and forth in the bond market amid uncertain monetary policy