Weekly Commentary | Dec 31, 2022 | Year End Review

Macro Picture

Stocks closed out the last week of 2022 on a down note falling 0.14% with the Nasdaq down more at -0.33%.  The narrative on the week suggests that the Federal Reserve will likely have to be more resilient and stay higher-for-longer in order to get inflation down to target.  The yield on the 10-year is back near 3.8% as investors are betting…