Though most economists are forecasting a recession this year, stocks have started 2023 on an upswing, gaining after the December jobs report showed unemployment remaining low, but wage growth slowing — exactly what the Fed seems to want — and a continuing decline in inflation in the December Consumer Price Index (CPI).
So will a new bull market begin in 2023? It’s impossible to know for sure, but here’s what investors need to watch.
This post originally appeared at The Motley Fool.