As usual, the Fed meeting yesterday sent the markets into a whirlwind with it spilling over into today’s market action as well. The expectations for 2023 are starting to shift based off of these moves, but considering how the expectations for 2022 played out, I don’t know how much stock I’d put into them.
Here’s what I’ve been reading this morning:
‘How Often is the Market Down in Consecutive Years?’ – Ben Carlson – A Wealth of Common Sense
- At this point, it seems like the market is going to finish negative for 2022 (unless we have a face-ripping rally like we’ve never seen before). So that begs the question, what about next year? Ben looks at how often the market is down in back to back years.
‘Three Things I Think I Think – Housing Risks’ – Cullen Roche – Pragmatic Capitalism
- In this latest edition of ‘Three Things I Think I Think’, Cullen tackles three interesting topics. He discusses the housing market and how inflation in 2023 may impact real estate overall, whether or not housing is on the verge of “collapse”, and private REITs.
‘This 529 Myth is Making College More Expensive For Families’ – Kate Dore – CNBC
- When speaking with clients, there seems to be a lot of confusion about 529 plans. This article talks about a certain myth that 529 plans will significantly hurt the parents expected contribution when paying for college.
‘Amid High Inflation, 63% of Americans are Living Paycheck to Paycheck’ – Jessica Dickler – CNBC
- Regardless of income levels, more Americans seem to be living paycheck to paycheck with higher inflation. This article discusses how Americans are feeling, and how they can try to get their budgets back on track in 2023.