Stock markets are closed today, Boxing Day 26Dec2022. We all really need a break from trading after what the markets have gone through in 2022.
2022 saw a year of historic losses in financial markets, no thanks to the Federal Reserve for raising quickly its policy rate to levels last experienced 15 years ago. The FED has no choice as inflation has reached a 40-year high, hitting 9.1%.
2023 could see more rate hikes. Fed Chair Jerome Powell indicated that the central bank's FED-funds rate could top out above 5% in 2023, and stay high for a while, or until inflation shows a concrete path lower to the Fed's 2% target.
Let us all sbrace ourselbes for the coming year. Take this market closures as a blessing. Go get that holiday you wanted and enjoy. We will come back stronger and tackle world stocks again.
Merry Christmas & A Happy New 2023 !
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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