Stock market investors were advised to stay on guard as storm clouds swirling around the global economy linger, dampening the outlook for 2023. Elevated inflation and the high interest rate regime in the Philippines would also persist through the year, driven by further efforts to reopen the economy and low unemployment. "There are rays of hope but there's still an overcast," Jonathan Ravelas, a veteran stock market analyst and financial strategy consultant at e-Methods for Business Management Corp., told the Inquirer. Other risks could arise from the Russian invasion of Ukraine, renewed fears over another COVID-19 surge and the likelihood of a global recession. "These linchp...Keep on reading: Another tough year for PH stocks? Analyst sees PSEi at its worst at 5,700