BlackRock report: 2023 Global outlook Q4 update

In the current financial landscape, markets are adjusting to the notion that central banks are unlikely to swiftly ease policy due to prevailing supply constraints. This approach is aimed at mitigating inflationary pressures, indicating a deliberate stance in monetary policy. Additionally, the heightened levels of macro and market volatility have led to more pronounced variations in security performance compared to the broader market. Successfully capitalizing on this environment necessitates a combination of granularity and adaptability. Moreover, the new economic regime is influenced by five significant structural forces poised to drive substantial shifts in profitability across various economies and sectors. The critical task at hand is identifying catalysts capable of propelling these forces and assessing whether the market has accurately priced in these transformative shifts.