AllianceBernstein CEO Predicts US Recession in 2023

The transcript discusses market volatility, macroeconomic events, and their impact on business strategies. It highlights shifts in portfolio allocations, particularly towards fixed income, and explores distressed market opportunities. The strategic decisions of Alliance Bernstein, including M&A activities and partnerships, are examined. The potential impact of a recession on business strategy, headcount, and compensation is considered. The focus for 2023 includes expanding in China, private credit, and private wealth. The transcript also addresses preparing for a recession and investor strategies.

What are the key growth opportunities identified for the firm in 2023?

What does the speaker identify as a critical question for the firm moving forward?

What are the expected outcomes if the Fed does not intervene during a recession?

How should investors prepare for a potential downturn in the market?