Dec 20 2022 31 mins
"We’re about to ring the final closing bell for 2022, and what a year it’s been. Given the number of drastically bad events this year, like the war in Europe and near-record inflation, we’re lucky that it wasn’t worse for the stock market. Still, it’s likely going to go down as one of the worst years ever for the bond market, as well as for balanced stock and bond portfolios.
For the remainder of the year, I think conditions are favorable for the market to move higher. A lot will depend on what the Federal Reserve does and says regarding interest rates when it meets mid-month. Economic data has been very mixed, with some looking like the economy is slowing down, while others pointing to an economy, especially the labor market, that is very strong." -Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the December 2022 Market Update.
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