As the holiday season comes to an end, another new year is just around the bend. But with economic uncertainty in many parts of the world, investors are still reflecting on all 2022 has unfurled, said Larry Adam, Chief Investment Officer at Raymond James.
The Russia-Ukraine war caused inflation to persist while the US and its allies wished Putin would desist. Achieving a soft landing became the Fed’s test. But when would rate hikes be brought to a rest?, Adam asked.
So fears of a recession gave the markets a scare, quickly turning the bull market into a bear. But not all hope for the economy was lost. Consumers spent on services, regardless of cost.
Not equities, not bonds, there was no place to hide, investors struggled to take negative returns in stride. But while the year may not have been one for the books we still belive that it is better than it looks.
“With lessons in hand and hopefully good health, there’s always time with loved ones- the true measure of wealth. As this volatile year finally comes to close, we share the market resolutions we chose. This is our wish list of what we think will matter, hoping the equity market finds new records to shatter. Our dreams and wishes aren’t completely out of view, as each has the possibility of coming true. So get out your kazoos and start the celebration, as we cheer and shout for 2023 to be a year of jubilation”, concluded, Adams
Below you can see Raymond James’ 12 wishes for 2023:
- Here’s to one year of peace we desperately need. No wars or shutdowns, we’ll continue to plead.
- Out with the old, in with the new, two million jobs, make it come true!
- Core inflation at 3% would liven up the festivities and prevent the Fed from more tightening activities.
- Gas prices staying below $4? We think there’s a chance; consumers at the pump may start to dance.
- Five golden rings to ring in the new year, and gold’s lower price is something to cheer!
- Let’s hope bonds and equities both make some gains, easing the 60/40 portfolio investor’s pains.
- Mortgage rates well below 7%—buyers would love to see, and the housing market would shout with glee.
- Dividend growth of 8% sure would be great, giving income investors something to celebrate.
- Hoping the Fed has nine doves to boast, investors would give rate hikes a goodbye toast.
- Cheers to the 10-year yield not moving higher and less volatility than we’ve seen in months prior.
- All 11 S&P 500 sectors part of the positive parade, making for a broad-based bull market that doesn’t fade.
- The NASDAQ reaching 12,000 is cause for celebration, with Tech no longer harmed by rate hikes and inflation.
Por Marcelo Soba