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Investing through bear markets – where to from here?

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Key takeaways Recessionary bear markets have seen peak-to-trough falls of 35% in the S&P500’s recent history, and non-recessionary ones 19% Cyclical bear markets are less painful for equities than structural ones, but more painful that event-driven ones We forecast a recession in 2023, with equity market valuations and sentiment consistent…

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