Convexitas' Zed Francis spent the past 18 months warning about bond volatility. He explains why his macro framework for 2023 focuses on credit risk instead. He also looks for investing opportunities in 2023. He talks about how periods of illiquidity prove significant opportunities for those who can be proactive. He then goes over why credit could become an issue in 2023. He also notes the outlook for the Fed's next moves, as well as the economic outlook for 2023. Tune in to find out more about the stock market today.