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Podcast: Money Life with Chuck Jaffe
Episode: Pinebridge's Kelly: With no easy fixes, this economy will struggle well into '23
Description: Michael Kelly, portfolio manager and global head of multi-asset at PineBridge Investments, says that investors should expect volatile choppy markets -- moving sideways at best -- while the economy pivots away from the rising inflation and interest rate trend, but that investors shouldn't expect much good news until at least May of 2023. Kelly says that he expects China to pivot on some of its policies early in 2023, which will make its economy and stock market the only market with higher cash flows and an easier central bank come springtime, encouraging investment there while the rest of the world markets a...