A new year’s worth of investing begins in one week. Anyone can make predictions, but long-term investors know it’s not prophecy that leads to profits.
A year ago, Wall Street consensus was for 2022 to be a pretty decent year of stock gains. The forecast was for a 10 percent increase for the S&P 500 stock index.
As this year's trading comes to a close in the week ahead, the S&P 500 is down about 19 percent for the year — just shy of closing out in bear market territory.
