2023 Outlook – Boom-Bust, Now What?
The dawn of a new year begins with the tight Bear Market grip firmly in place.
The worst year for stocks in a decade-and-a-half and the worst year for Bonds in history still cast big shadows on 2023. It’s a new year, but a familiar theme: It’s still all about the Fed.
Recession is a big concern heading into the new year. Visibility to the immediacy is still somewhat limited as inflation is keeping the Federal Reserve in tightening mode. Assets have been under a chokehold due to spiking interest rates. The strong Dollar was constrictive too. But after peaking in the Fall, the Dollar slid into Winter, giving up half the 2022 gains. The decline helped loosen that stranglehold on asset prices.
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