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January 9, 2023

Q422 Year in Review

Not the worst year ever in stocks around the world, but certainly among the worst, 2022 proved the absolute worst for U.S. bond markets since the mid-1970s. Though the Fed was as is still lifting its rate target, the final quarter of the year offered a break as investors began to expect a Fed reversal on account of the potential for recession. So, even as investors likely cheered a Q4 gain in their stock positions, they perhaps were even a bit happier for the respite from declines in bond holdings during the final quarter of 2022.

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