2022 has been a year for the bears with the S&P 500 down more than 20% YTD. However, there is one interesting change under the surface.
After more than a year of rates rising, we are starting to finally see some weakness in longer-term rates as the market’s expectations for inflation ease, while the risk of recession is rising. In fact, some analysts believe the Fed may be forced to start cutting rates as soon as Q1 of 2023.
