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2022 should have been a year in which global investors breathed a collective sigh of relief, as we put the worst of the COVID-19 pandemic behind us and navigated the lingering variants with significantly lower hospitalization and mortality rates.

By Dr. George Calhoun
Hanlon Investment Management Advisory Board Member
Executive Director of the Hanlon Financial Systems Center

On December 23, 2022, the US House of Representatives passed the omnibus Consolidated Appropriations Act of 2023 that included a retirement bill titled SECURE Act 2.0.

“Inflation remains far too high. ” — Jerome Powell, Chair of The Federal Reserve (Nov 30)

As we wind down 2022, the collective attention of the financial industry shifts towards 2023, with most major Wall Street firms issuing insights and projections to aid investors in making any adjustments to their asset allocation for the coming year.

Ahead of the Thanksgiving holiday, investors are getting a chance to catch their breath, as we emerge from earnings season and mid-term elections and look towards year-end.

For decades, the 60/40 portfolio has been a highly regarded method of portfolio construction. In its simplest form, the 60/40 portfolio is having 60% of your portfolio invested in higher risk, historically higher return, assets such as stocks and the other 40% invested in lower risk, but lower return, assets such bonds.

Wall Street is the land of clichés and mathematical repetition. One of the cliché’s is “the trend is your friend”.

The stock market is capable of remarkable clairvoyance. Sometimes.

We read a lot at Vestbridge Advisors, Inc. and this article is worthy of sharing. This is a reprint from the Yahoo Finance 10/11/2022 Morning Brief.

Wall Street firms have begun publishing their 2023 forecasts for the S&P 500.

Targets published by seven top equity strategists range from 3,800 to 4,200, implying returns of 4% to 15% from current levels.