Three Takeaways from 2022
o 2022 was an exceptionally bad year as inflation and
higher interest rates wreaked havoc on markets.
o 2022 is the only time in history where stocks and
bonds each fell by more than 10% and even
traditional inflation hedges failed to protect portfolios.
o Looking ahead to 2023, the singular focus on
inflation will likely shift to growth and likely bringing
new surprises for investors.