Stock Rally Back on Track. Memories of 2022 Linger
After a tumultuous 2022, the stock market has finally found its footing. A strong start to 2023 has seen equities surge, driving gains across various indexes. Investors, once spooked by the economic downturn, are witnessing a resounding turnaround.
The convincing gain is courtesy of a confluence of factors. A dovish Federal Reserve, continuing to ease monetary policy, has alleviated concerns over rate increases. Meanwhile, China’s reopening has lifted market sentiment globally, given the country’s significant impact on trade and commerce.
“…including the flagging economic hopes in the United States, still experiencing a sluggish economic expansion…”
“…while some still shiver at the headlines of 2022, the stock market has once again defied the odds…”
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