What's next for stocks in 2023?

Jurrien Timmer sees a choppy sideways market for stocks.

December 22, 2022 View in a browser

FIDELITY VIEWPOINTS® WEEKLY EDITION: December 22, 2022

What's next for stocks in 2023? Jurrien Timmer sees a choppy sideways market for stocks, as investors navigate potentially declining earnings and interest rates that stay high for longer than expected. In that environment, bonds are likely to play a more important role in investors' portfolios than in 2022. Read more ▸ Bonds are back After a stormy 2022, the forecast looks bright for fixed income. We expect yields to stay high at least through the first half of 2023. Read more ▸ Video: The Fed, inflation and interest rates Our expert shares insights on the Fed's fight against inflation, the impact on the economy and what it could mean for investors. Watch the video ▸ Key tax moves for 2023 Wider tax brackets, a higher standard deduction, and expanded saving opportunities may help create new tax-saving possibilities for 2023. Read more ▸ 2023 investing outlook Find out what our pros see on the horizon next year for stocks, bonds, taxes, and more in our comprehensive special report. And mark your calendar for our 2023 Special Edition Market Sense on January 9! Read more ▸ The best present for your grandkids The 529 education savings plan offers an appealing combination of tax advantages, control, flexibility, and minimal impact on student aid. Read more ▸ Chart of the week Throttling back Last week, the Fed again raised its key lending rate, this time by half a percentage point. All those rate hikes may be starting to pay off—since June, the headline inflation rate has fallen from 9.1% to 7.1%. Sources: Federal Reserve Board Open Market Operations archive (interest rate increases), Bureau of Labor Statistics (inflation) Read our Inflation Report

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Happy Holidays! Your Viewpoints Team

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