Bank of America published its list of 10 trades for 2023, via Mike Zaccardi.
1. Long 30-year US Treasury
2. Long yield curve steepeners
3. Short US$, long EM assets
4. Long China stocks
5. Long gold & copper
6. Barbell credit
7. Long industrials & small cap stocks
8. Short US tech
9. Short US private equity
10. Long EU banks
Lists like these are often a view into consensus thinking and the market has a habit of bucking the consensus.
