Market outlook 2023: Is the glass half full or half empty?

Time to acknowledge the 'foggy nature' of current conditions

clock • 3 min read

Many key data points in markets right now can be interpreted in one of two ways, writes Laith Khalaf. So should we be glass half full or half empty?

Markets have started the year on the front foot, buoyed by the opening up of the Chinese economy, a fall in European gas prices, and the prospect of central banks starting to ease back on interest rate rises. Despite this, the backdrop is not entirely rosy, though arguably it's an improvement from last year, as we are starting to see the light at the end of the inflationary tunnel. But you can look at many of the key data points in markets right now and question whether the glass is half full or rather half empty. Across the pond Take the US stock market, for instance. Share prices ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Partner Insight: A new VCT landscape - what advisers need to know after the Budget

Partner Insight: A new VCT landscape - what advisers need to know after the Budget

For professional advisers and paraplanners only. Not to be relied upon by retail clients.

Toyin Oyeneyin, Tax Product Specialist, Octopus Investments
clock 19 January 2026 • 5 min read
Advisers see more market volatility coming in 2026

Advisers see more market volatility coming in 2026

Uncertainty over the global economy and UK inflation rate

Isabel Baxter
clock 06 January 2026 • 2 min read
Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read