Summary
Phil Anderson closes 2022 by identifying the US as the key market to watch heading into 2023 and the second half of the real estate cycle. As the world’s largest economy and the dominant influence on global financial conditions, US market leadership will set the tone for the cycle’s final advance to the 2026 peak.
Key Claims
- The US is the primary market to watch for cycle leadership in 2023 and beyond
- US economic and market trajectory will determine the pace and shape of the global second-half cycle advance
- Subscribers should orient their attention to US signals, particularly real estate, credit, and equity trends
- Heading into 2023, the fundamental case for the second half of the cycle remains strong