Don’t expect volatile equity-market swings to go away when the calendar flips to 2023, says Edward Jones senior investment strategist Mona Mahajan, who advises focusing on defensive and value stocks in the new year. But there is hope for later in the year, she says, when the market will be looking forward to lower inflation and a stabilizing US economy.

Mahajan joined the What Goes Up podcast to discuss her outlook for next year and assess the market’s reaction to the latest message from the Federal Reserve to expect higher interest rates for longer. 

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