The 8 stocks most favored by a fund manager who beat 93% of his peers last year, plus the 4 indicators that he says could signal a downward turn in 2023’s stock market rally

• Michael Cuggino says the current economic situation is a tale of two sides. 
• If unemployment rises and corporate margins compress, it could signal a downturn. 
• He favors a diversified approach that includes stocks, bonds, natural resources, and real estate.

Things seem to be looking up.