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Economic Analysis

House View – January 2023: January 6, 2023

By January 9, 2023March 13th, 2023No Comments
Good morning and welcome to the Weekender for Saturday, January 6, 2023. US equity returns for 2022, as measured by the S&P 500, were lower by -19.4%. The much narrower thirty-member Dow Jones Industrial Index fell by only -8.8%, while the tech-heavy Nasdaq lost almost one-third of its value, down by -33.1%. For the first trading week of 2023, US equity markets, again using the S&P 500 as proxy, were higher by 1.4% after a strong rally on Friday, which came on the back of strong labor data giving markets hope that a soft economic landing is possible.

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