The buck is down across the board to close out 2022 as thin markets start the countdown to this weekend's celebrations.
Overview
This year, both the equity and bond markets are down. A late rally did not materialize this week to ease the damage of 2022, which saw inflation wipe away 20.0% of the value of global stocks. It has been the worst year since the financial crisis of 2008. Treasury bonds, meanwhile, fell by 16.0%. Expect low activity next week as Europe and Asia also come back from rounds of holidays. We wish you all a great 2023.
What to Watch Today…
- No major economic events are scheduled for today
- Holiday Hours: 8:30a-3p EST on Dec 30; Offices closed on Jan 2
- Monex USA Online is always open
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