From a macro perspective, 2022 didn’t provide buyers a lot to clink champagne glasses over. The previous a number of months have served up inflation and layoffs—plus a recession appears to be on the horizon for 2023.
Buyers have been hoping for a Santa Claus rally—when shares rise within the final 5 buying and selling days of the 12 months and the primary two of the brand new 12 months—however the market has largely limped alongside as a substitute.
