Brian Jacobsen, senior investment strategist for Allspring’s Systematic Edge Multi-Asset team, looks back at key themes that drove markets in 2022 and ahead toward themes that may affect markets in 2023 or beyond.
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As we write this article in mid-August, authorities across the Rocky Mountains are issuing flood warnings. Monsoon rains have drenched deserts and mountains in Arizona, Nevada, Utah, Colorado, and Wyoming, with eight million Americans significantly affected. These extraordinary conditions belie an even more severe and longer-term challenge: the intense drought crisis throughout the western U.S.
With a possible recession on the horizon, many investors are probably looking for investment opportunities that could help provide security in a difficult market environment. U.S. municipal bonds are one possibility. The U.S. seems intent on accelerating infrastructure spending, and if that happens, the market for municipal infrastructure bonds could become even more robust.
