A portfolio manager and top strategist at UBS Asset Management shares 5 opportunities he’s most bullish on for 2023 as the Fed plans to keep rates elevated

• The US economy will avoid a recession in the first half of 2023, Evan Brown says.
• But a portfolio manager at UBS AM isn’t overly excited about the stock market’s prospects.
• Still, opportunities exist under the surface of the market — and around the world — he thinks.

Despite warning signs like an inverted yield curve and declining manufacturing activity, Evan Brown doesn’t see a recession in store for the US economy in the first half of 2023.