Here's where Invesco's global market strategist says to put your cash in 2023 and why stocks look poised to stage a rally

Happy Saturday, readers. After that, I've rounded up some of the very best stories from a busy week in markets, just for you. If this was forwarded to you, sign up here. Download Insider's app here. This conversation has been lightly edited for length and clarity. Phil Rosen: What's your current economic and market outlook? Brian Levitt: The economy is likely to go through what we think is a more mild recession, but we would expect markets to recover coincidentally with that but we expect it to be a more positive year for risk assets. I believe the market has bottomed for this cycle. But in the near term, the market may retrace some of that downside. BL: We're in the period where you may have some near-term downside risk, but the challenge for investors, if you're trying to time a 5-10% move down, you run the risk of missing the recovery. We should try to be positioned for the next couple years for a sustained recovery.The part of the market that trends to do best [in this environment] is higher yield corporate credit or bonds. And in a recovery you want to be exposed to the cyclical parts of the market, including sectors like financials, materials, and industrials. What's your year-end prediction for 2023? BL: Inflation will come down rapidly, and while there may be some near-term volatility, markets will finish the year positive. The S&P 500 will finish the year above 4,000.Read the 5 biggest takeaways from my conversation with Invesco's Brian Levitt.What do you think of Levitt's insights? Tweet me URL, or email me EMAIL.And here's are the top stories from markets this week: Elon Musk. Refinery issues may cut further into supply and demand from China looks poised to come roaring back, according to GasBuddy: "2023 is not going to be a cakewalk for motorists."2. Elon Musk's lawyers subpoenaed the head of Saudi Arabia's $620 billion wealth fund. The case involving Tesla's "funding secured" tweets.3. At Amazon, there's chatter and jokes about Jeff Bezos coming back as CEO. The online retail giant is in the midst of massive layoffs and a plummeting stock price. Here's what people are saying inside the company.4. The EV maker logged just over 405,000 deliveries in the fourth quarter, falling short of analysts' estimates of 430,000. In 2022, Tesla's share price plummeted 69% -- erasing just under $700 billion in market cap. TRM Labs' head of legal Ari Redbord tells me 2022 was the "year of the hack." In his estimate, North Korean criminal groups accounted for more than $1 billion of the stolen funds.Curated by Phil Rosen in New York. Tweet URL or email __EMAIL__dited by Max Adams (URL) in New York.