Morningstar - Q1 2023 - 56
Investors
Where Do We Go From Here?
Morningstar experts assess 2022
and look to the future.
Undiscovered Manager
63 Cutting a Path
Sector Rap
66
Electrifying Opportunities
User Profile
70
Solo Practitioner
Tom Lauricella
MORNINGSTAR CONVERSATION
Many investors may not realize it, but for most of
the past 40 years the wind was at their backs
when it came to returns on their investments. For
the most part, it was an extended period of
low inflation and low interest rates, which set the
stage for long bull markets for stocks and
bonds. Then came 2022. Even well-balanced
portfolios were hit hard in a macro-driven market
roiled by war, inflation, and worries about a
looming recession. More uncertainty and volatility
are on the horizon for 2023.
For perspective on the past year and guidance
for the future, I turned to three Morningstar
research leaders.
Preston Caldwell provides U.S. macroeconomic
analysis and outlook for equity research
clients and Morningstar.com readers alike. Russel
Kinnel leads Morningstar's mutual fund
analyst ratings committees in North America
and is the longtime editor of the Morningstar
FundInvestor newsletter. Marta Norton's
wide range of research and investing experience
serves clients of Morningstar Investment
Management and makes her a popular resource
for the financial media.
Preston Caldwell, chief U.S. economist at
Morningstar Research Services LLC.
Russel Kinnel, director of manager research for
Morningstar Research Services LLC.
Marta Norton, chief investment officer, Americas,
at Morningstar Investment Management LLC.
56
Morningstar Q1 2023
http://www.Morningstar.com
Morningstar - Q1 2023
Table of Contents for the Digital Edition of Morningstar - Q1 2023
Contents
Morningstar - Q1 2023 - Cover1
Morningstar - Q1 2023 - Cover2
Morningstar - Q1 2023 - Contents
Morningstar - Q1 2023 - 2
Morningstar - Q1 2023 - 3
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Morningstar - Q1 2023 - Cover3
Morningstar - Q1 2023 - Cover4
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