The stock market is about to end a painful year for investors. Things turned out to be bleak for the so-called ‘Santa Claus rally’ with all three major indexes marching towards their biggest declines since 2008.
As we head into 2023, uncertainty hangs in the air. With factors including Federal Reserve interest-rate tightening to bring down inflation and increasing recession fears, many investors expect choppy trading for 2023. Fed policymakers asserted firmly to tighten monetary policy next year until price stability is restored. However, easing inflationary pressures have kept the hopes alive that the Fed could further dial down the size of its hikes.
