Ancora's Sowerby Sees 'Better Than Average' 2023 for Stocks

The video discusses the 2023 market outlook, emphasizing the importance of microeconomic factors over Wall Street strategies. Companies are generating significant free cash flow margins and are valued attractively. The speaker suggests being fully invested in stocks, considering potential Fed rate hikes and unemployment changes. Despite possible lower earnings, free cash flow yields are favorable compared to treasury yields. The market can handle some negative activity, and inflation control remains a priority. Overall, 2023 is expected to be better than average, despite differing consensus views.

What is the comparison between free cash flow yield and the yield on a 10-year treasury?

What does the speaker predict for the market in 2023 based on current trends?