With 2022 having been so disastrous, there is much to hope for in 2023
At the beginning of 2022 we cautioned that it would be a tough year for investors. And indeed, returns last year were very bad.
So much so that according to Bank of America Merrill Lynch, a traditional pension fund portfolio consisting of 60% equities and 40% bonds, delivered its worst return in 100 years. It was also the first year in 150 years that US stocks and long-term bonds both exhibited double-digit declines...
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