Author: Scott Sadaro

FAS Market Update January 2023

With inflation raging and interest rates rising at a dramatic pace, most financial markets experienced a painful drawdown during 2022. The S&P 500 finished the year down roughly 18% which is the 7th worst calendar return for the index. However, the result was far from the historic poor years of 1931 and 2008 when the market was down 43.8% and 36.6% respectively.