Here's your complete guide to navigating the stock market in 2023 — including over 100 investing ideas from top fund managers and firms

• Investors are reconsidering their strategies and bracing for more market turbulence in 2023.
• But opportunities remain across asset classes for those who look in the right places.

The consensus among top investment firms 12 months ago was that US stocks would log modest gains in the year ahead as the post-pandemic economic recovery slowed. Cyclical sectors like financials and energy were seen as top picks, while high inflation was believed to be "transitory" at best.

Turns out predicting the future is easier said than done.

Those projections largely fell flat, with the notable exception of the bullish call on the energy sector. Energy stocks crushed the market for the second straight year as oil prices surged to 14-year highs after Russia unexpectedly mounted an invasion of Ukraine.

But the rest of the market fell as inflation climbed to multi-decade highs, which caused the once-dovish Federal Reserve to raise interest rates at a pace that hurt profit margins and choked economic growth.

With the S&P 500 down 20% year-to-date, many top investment firms believe a recession is inevitable and more market losses are likely next year. However, both bulls and bears see investing opportunities ahead, particularly at the start of the new year.

Below is a comprehensive summary of Insider's coverage of what top analysts and firms are expecting for 2023, complete with stories that address investors' biggest questions.

What will happen in the stock market and the economy in 2023?

Most investors are betting that the US will enter a recession at some point in 2023, but some believe that an economic downturn isn't guaranteed. Even if the economy contracts, many investment firms are bullish on stocks in the coming year, though others are far less optimistic.

Read more:

• Here's what to expect from stocks and the economy in 2023, according to Goldman Sachs, JPMorgan, and 9 other top Wall Street firms

• Risks of a recession in 2023 are growing as the Federal Reserve continues to tighten policy. 4 Wall Street banks share how far stocks will fall if that happens — and when the market will bottom.

• Here are 10 reasons why the US won't be hit with a recession in 2023, according to Goldman Sachs

How can I improve my investing strategy in 2023?

After such a horrible year in markets, many investors are starting to rethink their investing strategies. Insider gathered tips on how to invest heading into the new year.

Read more:

• 2023 will be the worst year for the global economy in 4 decades, Citi predicts. Here's how investors can protect their money and position for a rally later on.

• $3.2 trillion State Street shares their 3-part strategy for driving returns in 2023 as the economy falters and enters a recession

• Here's how investors should position themselves for success in 2023 as the US follows Europe into a recession, according to financial giant Macquarie.

• Give up on a traditional 60-40 portfolio in 2023 and adopt this unconventional allocation, according to a US stock chief for French financial giant SocGen

Where should I invest in 2023?

Active management made a comeback in 2022, as the days of easy gains from low-cost index funds appear to be over for now. Here's how the brightest investors recommend investing next year.

Read more:

• Here's where to put your money in 2023 with a recession likely closing in, according to Goldman Sachs, JPMorgan, and 9 other Wall Street giants

• Here are the 4 best investing opportunities in 2023, according to the investment chief at Goldman Sachs' $1.8 trillion asset management arm

• Here are the 4 smartest places to put your money in 2023 after a nightmarish year, according to a fund manager at JPMorgan's $2.3 trillion asset management arm

• One of 2022's top-performing fund managers built a downturn-resistant portfolio that's investing in these 5 sectors heading into 2023

• Bank of America says the US economy is hurtling toward a recession. Their stock chief shares her 5-part investing playbook for thriving during the downturn.

• Avoid stocks and make these 7 investments instead to improve your odds of enjoying a positive return in what may be a brutal 2023, according to PIMCO

• A veteran chartmaster expects the bear market to continue into 2023 after the latest rally fizzles — but these 4 types of stocks appear to be set up for strong gains next year

What stocks should I buy in 2023?

Top fund managers and investment firms see opportunities in several types of stocks next year across a number of sectors. Some believe that stocks are primed for a rebound, while others endorse a more defensive strategy to protect your portfolio in case of a recession.

Read more:

• These are the 23 best stocks to buy in 2023 as global growth slows, according to UBS

• UBS economists see a recession coming in 2023. Here are the 37 stocks that will lead the market recovery in the first half of next year, the bank says.

• Bank of America: Buy these 21 top-rated stocks that have been oversold in 2022 and are poised for outsize moves in 2023

• JEFFERIES: Buy these 20 bargain-priced stocks ahead of a rebound to get 2023 off to a good start

• A top 1% performing fund manager explains why history proves the S&P 500 will fall another 30% in the next 3-to-9 months — and shares 11 compelling stocks to buy in 2023 that will power through a recession

• A hedge fund manager who's up over 39% this year says these 6 cheap stocks are well-positioned to survive another bear market in 2023

• Fund managers who have beaten 98% of their peers in 2022 share 9 'keeper stocks' they're betting on for 2023 — and the 3 market sectors they're overweight on

• Morgan Stanley says the market is underestimating these 9 travel and leisure stocks for 2023 as the industry enters a 'Goldilocks' year with surging demand
• The top strategist at BMO Capital Markets says stocks are ready for a multi-year recovery in 2023 after a recession strikes — and these 11 names look attractive right now