BNP - Investment themes 2023

The Investment themes 2023 report notes that the accumulation of economic and geopolitical uncertainties, coupled with poor performance by stocks, bonds, and credit has left investors feeling gloomy about the future. However, the report suggests that it is precisely at times of pervasive pessimism that investors should recall the lessons of history. The report states that in the past, extreme lows in investor sentiment have preceded strong positive performance by stocks, credit, and private equity.