Stocks are off to a strong start in 2023 following last year's rough loss. The S&P 500 fell about 19% in calendar 2022. But this year, it is up about 9.5% so far thanks to outperformance in a number of momentum stocks.
This may surprise some armchair investors, who continue to fret over the impact of inflation on consumer confidence and the weight of higher borrowing costs on corporate spending.
