Everyone Got the Markets Wrong This Year: Opinion's Scanlon

The year 2022 defied traditional investing norms, with stocks and bonds declining together, tech companies adjusting to rising interest rates, and housing markets facing high mortgage rates. Private funds like Blackstone encountered withdrawal issues, highlighting the need for market realism. The strengthening dollar added global economic pressure. Safe, stable investments outperformed, and 2023 is expected to continue with uncertainty, favoring quality fundamentals in stocks and bonds.

What warning did the situation with Blackstone's real estate fund provide to private funds?

What investment strategy is suggested for 2023 based on the analysis provided?