{"id":1926,"date":"2023-01-03T14:56:47","date_gmt":"2023-01-03T18:56:47","guid":{"rendered":"https:\/\/wellspringwealth.com\/?p=1926"},"modified":"2023-01-03T14:56:47","modified_gmt":"2023-01-03T18:56:47","slug":"weekly-market-commentary-its-finally-over","status":"publish","type":"post","link":"https:\/\/wellspringwealth.com\/2023\/01\/03\/weekly-market-commentary-its-finally-over\/","title":{"rendered":"Weekly Market Commentary \u2013 It\u2019s finally over."},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p><span style=\"color: #008000;\"><strong>The Markets<\/strong><\/span><\/p>\n<p>It\u2019s finally over.<\/p>\n<p>2022 was a dismal year for financial markets. Major United States stock indices moved lower, trimming or eliminating the previous year\u2019s gains.<\/p>\n<ul>\n<li>The Standard &amp; Poor\u2019s 500 Index, which had gained about 27 percent in 2021, dropped almost 20 percent in 2022.<\/li>\n<li>The Nasdaq Composite Index, which had gained more than 21 percent in 2021, lost about 33 percent in 2022.<\/li>\n<li>The Dow Jones Industrial Average, which had gained about 19 percent in 2021, fell almost 9 percent in 2022. It\u2019s performance reflected the improved performance of value stocks.<\/li>\n<\/ul>\n<p>Bond markets didn\u2019t fare much better. As rates moved higher, the value of previously issued bonds moved lower. The Bloomberg U.S. Aggregate Bond Index dropped about 13 percent during 2022. The silver lining is that bonds now offer more attractive yields, opening new opportunities for income investors.<\/p>\n<p><strong>2022 may be remembered for inflation, rising interest rates, and geopolitical turmoil<\/strong><\/p>\n<p>Inflation was a dominant concern throughout the year. In January, the <em>Consumer Price Index<\/em> showed that prices were up 7.5 percent year-over-year. Inflation issues were exacerbated when Russia invaded Ukraine at the end of February.<\/p>\n<p>\u201cDespite weeks of buildup, Russia\u2019s invasion of Ukraine on Feb. 24 was unexpected and sent shock waves through commodities markets still struggling with the after-effects of the pandemic\u2026the price of Brent crude oil [rose] to $123 on March 8, up from $92 a barrel on Feb. 23\u2026The war also upended grain markets. Ukraine and Russia both export masses of wheat plus other food, and prices leapt as the Black Sea, through which much grain gets dispatched, descended into a battle zone\u2026However, the laws of economics worked, and higher prices did become the cure for high prices,\u201d reported Simon Constable of <em>Barron\u2019s<\/em>.<\/p>\n<p>From March through December, the Federal Reserve aggressively tightened monetary policy in an effort to slow the economy and inflation. The Fed raised the federal funds rate seven times and lifted the effective federal funds rate from near zero to 4.33 percent. Despite the Fed\u2019s efforts, inflation persisted as consumer spending, which is the primary driver of U.S. economic growth, proved resilient for much of the year. In November, consumer spending slowed significantly.<\/p>\n<p><strong>Will 2023 bring a recession or a soft landing?<\/strong><\/p>\n<p>The question that has been on everyone\u2019s mind is whether the slowdown will become a recession. Opinions differ widely. In late December, economists participating in a <em>Bloomberg<\/em> poll said there was a 70 percent chance of recession in 2023. In contrast, economists at a major investment bank say the U.S. will experience a soft landing in 2023. A soft landing occurs when the economy slows, and inflation falls, without a recession.<\/p>\n<p>The inverted U.S. Treasury yield curve tells its own story. The New York Federal Reserve wrote, \u201cThe yield curve \u2013 specifically, the [difference] between the interest rates on the ten-year Treasury note and the three-month Treasury bill \u2013 is a valuable forecasting tool. It is simple to use and significantly outperforms other financial and macroeconomic indicators in predicting recessions two to six quarters ahead.\u201d<\/p>\n<p>At the end of 2022, the three-month Treasury yielded 4.42 percent and the 10-year Treasury yielded 3.88 percent. The difference is -0.54, which puts the chance of recession between 40 percent and 50 percent, according to the New York Fed\u2019s model.<\/p>\n<p>\u201c2022 will likely be remembered as a year when conventional wisdom about a new market and new economy was destroyed, and investors once again learned that \u2018it\u2019s not different this time\u2019\u2026Investors were once again brought back to economic and financial reality, a reality where profits matter, interest rates can go up, inflation can rise, and geopolitical risks are real,\u201d stated a source cited by Jack Denton of <em>Barron\u2019s<\/em>.<\/p>\n<table border=\"\u201d1\u201d\" cellspacing=\"\u201d0\u201d\" cellpadding=\"\u201d3\u201d\">\n<tbody>\n<tr>\n<td width=\"246\"><strong>Data as of 12\/30\/22<\/strong><\/td>\n<td width=\"66\"><strong>1-Week<\/strong><\/td>\n<td width=\"66\"><strong>Y-T-D<\/strong><\/td>\n<td width=\"66\"><strong>1-Year<\/strong><\/td>\n<td width=\"60\"><strong>3-Year<\/strong><\/td>\n<td width=\"60\"><strong>5-Year<\/strong><\/td>\n<td width=\"72\"><strong>10-Year<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Standard &amp; Poor&#8217;s 500 Index<\/td>\n<td width=\"66\">-0.1%<\/td>\n<td width=\"66\">-19.4%<\/td>\n<td width=\"66\">-19.7%<\/td>\n<td width=\"60\">6.0%<\/td>\n<td width=\"60\">7.3%<\/td>\n<td width=\"72\">10.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Dow Jones Global ex-U.S. Index<\/td>\n<td width=\"66\">-0.1<\/td>\n<td width=\"66\">-18.8<\/td>\n<td width=\"66\">-18.6<\/td>\n<td width=\"60\">-2.1<\/td>\n<td width=\"60\">-1.6<\/td>\n<td width=\"72\">1.6<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">10-year Treasury Note (yield only)<\/td>\n<td width=\"66\">3.9<\/td>\n<td width=\"66\">N\/A<\/td>\n<td width=\"66\">1.5<\/td>\n<td width=\"60\">1.9<\/td>\n<td width=\"60\">2.5<\/td>\n<td width=\"72\">1.8<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Gold (per ounce)<\/td>\n<td width=\"66\">0.7<\/td>\n<td width=\"66\">-0.4<\/td>\n<td width=\"66\">0.4<\/td>\n<td width=\"60\">6.2<\/td>\n<td width=\"60\">6.9<\/td>\n<td width=\"72\">0.9<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Bloomberg Commodity Index<\/td>\n<td width=\"66\">0.2<\/td>\n<td width=\"66\">13.8<\/td>\n<td width=\"66\">13.5<\/td>\n<td width=\"60\">11.7<\/td>\n<td width=\"60\">5.0<\/td>\n<td width=\"72\">-2.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>S&amp;P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.\u00a0Sources: Yahoo! Finance; MarketWatch; djindexes.com; U.S. Treasury; London Bullion Market Association. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N\/A means not applicable.<\/p>\n<p><span style=\"color: #008000;\"><strong>OPTIMISM AND HOPE FOR THE NEW YEAR.<\/strong> <\/span><\/p>\n<p>As 2022 ended, many people shared what they anticipated in the new year. From a World Cup record to peak China, here are a few of the stories that caught our attention:<\/p>\n<p style=\"padding-left: 40px;\"><strong>The beautiful game<\/strong>. \u201c\u2026the U.S. Women\u2019s National Team will look to defend their 2019 [World Cup soccer] title at the tournament cohosted by Australia and New Zealand. The four-time World Cup champs\u2026could become the first team in either the women\u2019s or men\u2019s game to win three successive World Cups,\u201d reported Lisa Antonucci of NBC Sports.<\/p>\n<p style=\"padding-left: 40px;\"><strong>The Great American Solar Eclipse. <\/strong>On October 14, \u201c\u2026the Moon will again pass directly between Earth and the Sun \u2013 but this time it will not quite completely cover the solar disk, instead turning it into a thin \u2018ring of fire.\u2019 This annular (Latin for ring-shaped) eclipse will be visible within a roughly 125-mile-wide path from Oregon to Texas and on into Mexico and northern South America,\u201d reported the American Astronomical Society.<\/p>\n<p style=\"padding-left: 40px;\"><strong>Healthcare advances<\/strong>. \u201cAccording to reports, science seems on the threshold of unlocking the mysteries that could lead to cures or game-changing treatments for diabetes, Parkinson\u2019s, HIV, many types of cancers and heart conditions, and more. When it comes to modern medicine, there\u2019s reason to hope that 2023 will be the Year of Miracles,\u201d wrote Gary Abernathy for the <em>Washington Post<\/em>.<\/p>\n<p style=\"padding-left: 40px;\"><strong>A change in China\u2019s influence<\/strong>. \u201cSome time in April China\u2019s population will be overtaken by India\u2019s, at around 1.43 [billion]. With China\u2019s population in decline, and its economy facing headwinds, expect much discussion of whether China has peaked,\u201d wrote Tom Standage of <em>The Economist<\/em>.<\/p>\n<p style=\"padding-left: 40px;\"><strong>Strength in optimism<\/strong>. \u201c\u2026 conventional wisdom is likely to be wrong. That\u2019s what makes me so hopeful and so eager for the future: the widespread doom and gloom. What good is pessimism? I used to think hope was a product of external facts, but the school of life has convinced me otherwise. Hope is a choice, strengthened through practice; not a reflection of light, but light itself,\u201d wrote David Von Drehle for the <em>Washington Post<\/em>.<\/p>\n<p>What are you looking forward to in 2023?<\/p>\n<p><span style=\"color: #008000;\"><strong>Weekly Focus \u2013 Think About It <\/strong><\/span><\/p>\n<p>\u201cWe cannot direct the wind, but we can adjust the sails.\u201d<\/p>\n<p style=\"text-align: right;\"><em>\u2014Dolly Parton, singer and philanthropist<\/em><\/p>\n<\/div><div class=\"fusion-text fusion-text-2\"><p>Sincerely,<br \/>\nYour Team at Wellspring Wealth<\/p>\n<table border=\"0\" cellspacing=\"3\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" class=\"lazyload alignnone wp-image-431 size-200\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018-200x299.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018-200x299.png\" alt=\"\" width=\"200\" height=\"299\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/td>\n<td><img decoding=\"async\" class=\"lazyload alignnone wp-image-435 size-200\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018-200x299.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018-200x299.png\" alt=\"\" width=\"200\" height=\"299\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/td>\n<td><img decoding=\"async\" class=\"lazyload alignnone wp-image-432 size-200\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018-200x299.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018-200x299.png\" alt=\"\" width=\"200\" height=\"299\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/td>\n<td><img decoding=\"async\" class=\"lazyload alignnone wp-image-467 size-200\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018-200x299.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018-200x299.png\" alt=\"\" width=\"200\" height=\"299\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/td>\n<td><img decoding=\"async\" class=\"lazyload alignnone wp-image-520 size-200\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/05\/ValeriBishop_2018-200x299.png\" alt=\"\" width=\"200\" height=\"299\" \/><\/td>\n<td><img decoding=\"async\" class=\"lazyload alignnone wp-image-520 size-200\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2022\/03\/Head-shot-WMC.jpg\" alt=\"\" width=\"200\" height=\"299\" \/><\/td>\n<\/tr>\n<tr>\n<td>David Glover<\/td>\n<td>Mark Winston<\/td>\n<td>Dennis Wright<\/td>\n<td>Andrew Wright<\/td>\n<td>Valeri Bishop<\/td>\n<td>Dan O\u2019Rourke<\/td>\n<\/tr>\n<tr>\n<td>AIF\u00ae<\/td>\n<td>CFP\u00ae, AIF\u00ae<\/td>\n<td>AEP\u00ae, ChFC\u00ae, CLU\u00ae<\/td>\n<td>CFP\u00ae, AIF\u00ae<\/td>\n<td>AIF\u00ae<\/td>\n<td>CFP\u00ae<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-3\"><p><strong>Sources:<\/strong><\/p>\n<div style=\"font-size: 9pt;\">\n<p><a href=\"https:\/\/www.barrons.com\/articles\/2022-year-review-stocks-bear-market-oil-bond-yields-2023-51672386739?mod=hp_DAY_Theme_1_2\">https:\/\/www.barrons.com\/articles\/2022-year-review-stocks-bear-market-oil-bond-yields-2023-51672386739?mod=hp_DAY_Theme_1_2<\/a> (<em>or go to <\/em><a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Barrons_What%20a%20Crazy%20Year_1.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Barrons_What%20a%20Crazy%20Year_1.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/12\/30\/stock-market-futures-open-to-close-news.html\">https:\/\/www.cnbc.com\/2021\/12\/30\/stock-market-futures-open-to-close-news.html<\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/markets\/rates-bonds\">https:\/\/www.bloomberg.com\/markets\/rates-bonds<\/a> (<em>or go to<\/em> <a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Bloomberg_Fixed%20Income%20Indices_3.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Bloomberg_Fixed%20Income%20Indices_3.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.bls.gov\/news.release\/archives\/cpi_02102022.pdf\">https:\/\/www.bls.gov\/news.release\/archives\/cpi_02102022.pdf<\/a><\/p>\n<p><a href=\"https:\/\/crsreports.congress.gov\/product\/pdf\/IN\/IN11792\">https:\/\/crsreports.congress.gov\/product\/pdf\/IN\/IN11792<\/a><\/p>\n<p><a href=\"https:\/\/www.barrons.com\/articles\/russia-ukraine-oil-natural-gas-prices-grain-metals-51671753424?mod=Searchresults\">https:\/\/www.barrons.com\/articles\/russia-ukraine-oil-natural-gas-prices-grain-metals-51671753424?mod=Searchresults<\/a> (<em>or go to<\/em> <a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Barrons_Ukraine%20War%20Upends%20Global%20Commodities%20Prices_6.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Barrons_Ukraine%20War%20Upends%20Global%20Commodities%20Prices_6.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.newyorkfed.org\/markets\/reference-rates\/effr\">https:\/\/www.newyorkfed.org\/markets\/reference-rates\/effr<\/a><\/p>\n<p><a href=\"https:\/\/www.bea.gov\/sites\/default\/files\/2022-12\/pi1122.pdf\">https:\/\/www.bea.gov\/sites\/default\/files\/2022-12\/pi1122.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-20\/economists-place-70-chance-for-us-recession-in-2023\">https:\/\/www.bloomberg.com\/news\/articles\/2022-12-20\/economists-place-70-chance-for-us-recession-in-2023<\/a><\/p>\n<p><a href=\"https:\/\/www.yahoo.com\/now\/goldman-sachs-economists-keep-doubling-183703434.html\">https:\/\/www.yahoo.com\/now\/goldman-sachs-economists-keep-doubling-183703434.html<\/a><\/p>\n<p><a href=\"https:\/\/www.newyorkfed.org\/medialibrary\/media\/research\/current_issues\/ci2-7.pdf\">https:\/\/www.newyorkfed.org\/medialibrary\/media\/research\/current_issues\/ci2-7.pdf<\/a> [Text plus chart on page 2]<\/p>\n<p><a href=\"https:\/\/onherturf.nbcsports.com\/2022\/12\/30\/2023-wish-list-top-womens-sports-storylines-to-follow-in-the-new-year\/\">https:\/\/onherturf.nbcsports.com\/2022\/12\/30\/2023-wish-list-top-womens-sports-storylines-to-follow-in-the-new-year\/<\/a><\/p>\n<p><a href=\"https:\/\/eclipse.aas.org\/eclipse-america-2023-2024\">https:\/\/eclipse.aas.org\/eclipse-america-2023-2024<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonpost.com\/opinions\/2022\/12\/27\/reasons-hope-2023\/\">https:\/\/www.washingtonpost.com\/opinions\/2022\/12\/27\/reasons-hope-2023\/<\/a> (<em>or go to <\/em><a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Washington%20Post_15%20Reasons%20You%20Should%20Be%20Hopeful%20for%202023_14.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Washington%20Post_15%20Reasons%20You%20Should%20Be%20Hopeful%20for%202023_14.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.economist.com\/the-world-ahead\/2022\/11\/14\/ten-trends-to-watch-in-the-coming-year\">https:\/\/www.economist.com\/the-world-ahead\/2022\/11\/14\/ten-trends-to-watch-in-the-coming-year<\/a> (<em>or go to<\/em> <a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Economist_Ten%20Trends%20to%20Watch%20in%20the%20Coming%20Year_15.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2022\/01-03-23_Economist_Ten%20Trends%20to%20Watch%20in%20the%20Coming%20Year_15.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.brainyquote.com\/search_results?x=0&amp;y=0&amp;q=dolly+parton\">https:\/\/www.brainyquote.com\/search_results?x=0&amp;y=0&amp;q=dolly+parton<\/a><\/p>\n<\/div>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Market Commentary \u2013 It\u2019s finally 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