The bull and bear cases for 2023

Perhaps the clearest sign that markets have moved on from 2022 is that not even the latest Consumer Price Inflation data could cause much of a ruckus. After the release suggested a relatively ho-hum increase in prices (0.4% for core, 0.1% for headline on the month), investors shifted focus to the upcoming earnings season where they hope to learn more about the state of bank deposits, consumer spending and technology turn-around efforts.