William Davies

Executive Vice President and Global Chief Investment Officer, Ameriprise Financial

Search every verified William Davies interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a January 2023 update on the global outlook, William Davies stated that he expected volatility to be lower in 2023 than in 2022, attributing this to the high levels of uncertainty experienced in the prior year. He said that while interest rates were expected to stabilize, which he viewed as positive for sovereign bond markets, he anticipated that earnings would come under pressure in equity markets due to a potential recession. Davies emphasized the importance of bottom-up fundamental research in an environment of slowing economic growth and high inflation, noting that margins could come under pressure and that defaults might become more likely. Davies also commented on regional economic conditions, stating that he believed Europe would see a recession that is likely to be more severe than that in the U.S. He noted that while fears of a downturn in Europe had lessened due to high levels of natural gas storage, a recession was still expected. In the U.S., he described the economy as having more slack, suggesting that any recession there would be mild. Additionally, Davies said that the energy transition would likely accelerate, citing the COVID-19 pandemic and Russia's invasion of Ukraine as factors that could speed up investment in alternative energies.