2022 was bad for bonds as well as stocks, & real-estate, bitcoin; although not necessarily for inflation ..
tech go hurt badly ... TSLA, FB, MSFT, GOOG you name it ... only shining case was energy, but it carries a small % in S&P
& the key point is that no one predicted a 20% down year at the beginning of 2022 ...
FTX was an eye opening case for funny money aka crypto ... so many names popped up recently that it was hard to keep up
& now everyone is talking about 2023 giving their projections in 10-15% range ..
what do I think ..?
I have no idea except that 2023 is the 10th year of my thesis whose one of the premises is that humans or computers have no prediction power on Market Behavior ..!
with that adios 2022 & Welcome 2023 ..!
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