There are really only two camps in financial markets heading into 2023. The group that thinks the Fed has hiked too much and the economy is going into a tough recession The group that thinks the economy holds up and that high rates linger Put me in the second camp, but only in the US.
Indices Talking Points: There’s one trading day left in 2022 after today’s session, and it’s time to start looking into 2023 market themes. The S&P 500 set its current all-time-high on the second trading day of 2022 and it was a bearish outing since, with a net move of about -20% in S&P 500 futures.
