The S&P 500 Index ended 2022 with a positive quarter as it rose 7.5%, but it wasn’t enough to turn around a terrible year for equities. Investors saw signs of optimism in easing inflation figures, raising the possibility of a slower pace of future rate hikes from the Federal Reserve. But by year-end, fears of recession weighed on investor confidence and market indexes. Bond yields rose to one-year highs in October but receded by quarter-end, a sign of growing investor concern about a potential economic slowdown in 2023.
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