Shesa's JANUARY 2023 Investment Blog
JANUARY 2023 - INVESTMENT BLOG By Shesa Nayak Wishing all my blog readers a VERY HAPPY and PROSPEROUS NEW YEAR - 20223!! Let’s hope that 2023 brings a lot of jubilations to the Stock Market!! U.S. Stock Market Commentary Finally, we bid farewell to a horrendous year for investors! A shy of relief!! The year 2022 was “as ugly as it gets” - the worst year since the great global financial crisis of 2008-09. From the beginning of 2022 the downturn continued all along the way till the end of the year. All stock indexes were down for the year - DOW was down 8.78% , S&P 500 lost 19.44% (-20.3%) from all time high) and NASDAQ was decimated, down 33.1% in 2022 and down 35.5% from its all time high which never managed to came out of the bear market, not only worst since 2008 financial crisis but also first four-quarter losing streak since 2000-2001 dot com burst. The bears dominated the whole year. The stock market wiped out almost $10 trillion of w...