2022 was a difficult year for many investors, especially for those with little to no exposure to energy stocks. The S&P 500 index was down 19.44% — its worst year since 2008, while the Nasdaq and Dow Jones declined 33.1% and 8.8% respectively. Turning towards 2023, some investors expect the bear market to persist and a recession to hit. Likewise, in JP Morgan’s 2023 outlook, analysts project the global economy to grow at a sluggish pace of around 1.6% and forecast a U.S. recession to likely occur before the end 2024. If you are curious on how certain macroeconomic developments would impact your portfolio in 2023, here are three events you should look out for.
