The S&P 500 ended the year down 18%. That is the largest loss since 2008. Here’s the kicker. Looking at ANY year since 1940 with a larger decline, you see 1974, 2002, and 2008. Unfortunately, 2023 is shaping up to be significantly worse. Moreover, it looks like 2023 might be the year that war-related things really kick off. I guess we’ll see, but things sure don’t look good at the moment. So, we’ll close out the year by talking about this week’s economic nonsense, increased tensions, and a few pieces of advice for 2023.
I hope you have a happy and safe New Year celebration. We’ll see you next year!
-------------------------------------
Check out the website: https://www.dmrpublications.com/
I would also like to share the following Podcast:
Gray Man: Hiding in Plain Sight - https://anchor.fm/grayman/
---
This episode is sponsored by
· Anchor: The easiest way to make a podcast. https://anchor.fm/app
Support this podcast: https://anchor.fm/david-m-robertson/support