YIKES!!
Leap - I’ve read here and other places that it takes quite a while for the Fed actions to ripple through the economy and the equity markets may not really feel the effects of the Fed’s actions until in LATE 2023.
I’m not a fortune teller, nor am I a high-priced economist, but I’m not going 80/20 equities in 2023 for sure. I’m going to wait it out and see what transpires throughout the year.
Another thing to consider - not everyone is in the same boat in terms of their investing horizon. Some, like me, are at a point in their life where 80% equities puts way too much risk in the portfolio when that risk may not be warranted to maintain a given investor’s lifestyle.
I hope you would you agree.
'38Packard