The holiday season, especially given the market rebound over the past few weeks, is the perfect time for investors to remember that there is still much to be thankful for amid the uncertainties.
The months are getting colder, but the tech and crypto winter has been in full swing for a while. Now, we understand that markets operate in cycles - this is even more the case for technology stocks which depend not only on the underlying business cycle, but also experience waves of major hype and exuberance.
When it comes to the trajectory of the stock market in the long run, profits matter most. It's no secret that this year has been characterized by market and economic uncertainty due to inflation, the Fed, geopolitics, and more.
The Social Security Administration recently announced that benefits for retirees will increase by 8.7% beginning in 2023. This is the largest single year COLA increase in over 40 years.
The stock market had a strong week delivering much needed gains that saw the S&P 500, Dow, and Nasdaq register returns of 4.7%, 4.9%, and 5.2%, respectively.
It was quite a week for the capital markets. It was also a losing week for the S&P 500 despite a 2.6% gain on Thursday following the September CPI report.
3 Reasons Investors Can Be Thankful In 2022