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The "maths" show probability of 2023 seeing >20% far higher than expected (53%). VIX key for 2023 returns, not EPS growth and 3 catalysts likely to make "opportunity" less "crisis"

Because of bludgeoning in 2022, most investors expect stocks to be "dead money" in 2023...

It would not entirely surprise anyone to say that most investors expect equity markets to "churn" in 2023. Basically, most investors believe the "crisis" environment of 2022 is spilling over into 2023. And most just see a litany of headwinds from Fed hikes to economy slowing to EPS contraction to "cash is king" to inflation "takes years to control."

so most investors and pundits, including many of the team...

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