Setting Expectations for 2023 | Before the Bell

(1/4/23) Welcome to 2023 and a new format for our pre-market reports! A popular market axion states, 'as go the first five days of January, so goes the rest of the year.' There was no Santa Claus Rally during the last five trading days of 2022, and the first trading day of January didn't go so well, either. Market lows were set back in October, and we said then to look for a tradable rally. We cautioned against volatility during the first two weeks of December, and now we're trying to establish a higher low for the markets. The sideways trading we've seen since has actually built a nice base. However, the declining top range is consolidating markets more tightly, and the challenge will be to break out of the downward trend over the next month.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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