Equity Mates Investing Podcast Andrew Brown’s Bold Predictions for 2023 | “One of the boldest predictions I'll ever make...”
Join Andrew Brown from East 72 as he outlines his 14 bold predictions for 2023. We hear predictions for house prices, interest rates, the property market, and the share market in Australia and globally. Get insights on whether the Australian house market will bottom out, if there will be an interest rate rise, and what's in store for the share market. It's going to be a season of volatility and scandals.
Predictions:
- Volatility is going to be a major feature of 2023.
- One of three very senior leaders who impact global stability could die in 2023, and its potential impact on worldwide economic trends.
- Australian house prices won't bottom out this year, while US house prices will.
- Philip Lowe will not be Governor of the Reserve Bank after the 17th September 2023.
- The Fed's fund rate will not be below 4% this year.
- The Reserve Bank of Australia's cash rate will not be below 3% at any stage this year.
- The market will end up not too far away from where it was at the end of 2022 after a 15% correction.
- The Australian share market will be volatile, but won't make significant gains.
- Smart investing means looking at stocks that the rich will continue to buy, play, and love.
- 2023 will see scandals and lots of corporate activity.
- News Corp will finally unravel itself this year.
- Contrarian plays worth considering include investing in gold stocks and the Vietnamese stock market.
- Andrew predicts that Russian stocks will trade again in 2023 (if Putin dies and Ukraine wins the war).
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In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing Podcast acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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