an economic slowdown seems inevitable and the debate has shifted to whether it will be a soft or hard landing the good news is that any downturn may be relatively shortlived the bad news is that investors will have few places to hide that is the takeaway from new research by citi group’s robert buckland the firm expects global equities to rise 18 by the end of 2023 but as he writes “it will likely be a volatile ride” that is because while valuations have become more reasonable following recent selloffs that have left the sp 500 off some 20 since the start of the year consensus earnings estimates still look too rosy