While 2022 was one of the toughest years ever for markets, the final quarter provided some relief. With markets reshaped and valuations lower, the opportunity set has grown. But 2023 won't be an easy road; investors will need to be focused in their research and selective-because the devil's in the details.

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AllianceBernstein Holding LP published this content on 19 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2023 15:20:01 UTC.