Weekly Outlook

US stocks fell on the last trading day of 2022, closing out the worst year for global equities and bonds in more than a decade. S&P 500 is down almost 20% in 2022. The Nasdaq 100 is down 34% and the dow jones is down 9%.2022 was twice as bad as the global financial crisis: nearly $40 trillion in stock and bond value vaporized, double 2008.