2022 was a rough year for most people that I have known. Most of the growth stocks got crushed due to rising interest rates by the Fed. Personally, my portfolio was buffered by Singapore holdings which were generally more resilent to rising interest rates. One of the sectors that had outperform the broader market is US defense companies. Demand for their products and services are expected to remain strong due to the ongoing Ukraine war and US will need to restock a lot of their weapons stockpiles after donating a large amount to Ukraine. Other nationals like Japan, Taiwan and South korea are also increasing their defense budget so this sector could continue to remain strong in 2023 until the war stop.

Likely he will maintain the stance that the committee will continue to look at the upcoming data to determine future rate hikes. Anything more hawkish the Market probably will have more leg downwards

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