Concerns over a volatile market, stubbornly high inflation, and aggressive rate hikes from the Federal Reserve have weighed on investors’ sentiments. It’s been a painful year for stocks as all the major averages march toward their worst year since 2008.
Although inflation eased for the second consecutive month in November, it still remains at elevated levels. With the Federal Reserve still trying to curb inflation, and market experts expecting a recession or a slight slowdown, 2023 doesn’t promise much change. CFRA Chief Investment Strategist Sam Stovall expects a challenging first half of the year as the economy likely succumbs to a “long anticipated, but mild, recession.”
