A Look Back at 2022

February 1, 2023

At the beginning of 2022, we thought the pandemic would be winding down and that the economy would rebound. That didn’t exactly happen, and inflation and volatility continue to influence the economy and our daily lives.

On a positive note, stock market losses during 2022 have resulted in more reasonable stock valuations going into 2023. So, while the current choppiness might continue for the near future, we still believe in the stock market over the long run.

Read the full report >

 

More About Economic Updates
Economic predictions heading into Q4 were frosty, but 2023 ended much better than expected. Many factors threatened economic health such as the war in Ukraine and interest rates. Read more about how the market fared and what that means for the coming year.
Despite things pointing to more of a downer, Q3 turned out better than expected. See what factors played to a stronger third quarter.
As the economy finds its footing, inflation begins to slow and the job market remains strong, things are looking up. However, many factors are in play for Q3 and Q4.
Markets were volatile in the third quarter as investors tried to guess how the Fed would act to address inflation. While the current choppiness may continue in the near future, we still believe in the market over the long run.
The second quarter saw unrelenting inflation and a volatile stock market. Not all economic indicators were negative, however. Job growth remains strong, unemployment is down and business sentiment remains optimistic.
The global economic recovery experienced a few hiccups during the last few months. But economists are expecting things to get back on track as COVID-19 cases continue to decline. They’re projecting strong growth for the rest of this year and for 2022.
With 2021 half over and most states fully reopened after pandemic shutdowns, the economy continues to rebound. Economists are expecting strong GDP numbers for the rest of the year and a historically strong 2021 overall.