After a tough December, both U.S. and international markets showed gains in January. The primary drivers were the continued drop in inflation and the decline in longer-term interest rates. Despite the market gains, the economy showed signs of slowing, with consumer spending dropping for the second month in a row and a pullback in business confidence and investment.
What does this mean for the possibility of a recession in 2023? Stay tuned to my latest Market Thoughts video to find out.