'Far more bullish than most people' on 2023 -CIO

STORY: "We think a lot of the bad news has been priced in. We did have a 20 percent drop in the market this year," Hatfield said.

But he said his firm also forecast inflation declining in the next twelve months, pointing to a measure showing a drop in housing prices, and which will soon reflect in a measure of inflation called the Consumer Price Index (CPI.)

"CPI will cool off faster than people think, which will allow the Fed to pause, and we'll get through this cycle with either no recession or a very technical recession," he said.