December 27, 2022Goodbye 2022, Hello 2023 – Vance Howard’s Predictions For The Coming Year Posted By : Vance Howard/ 0 comments / Under : Wealth Watch As this is the last Wealth Watch of the year, I’m going to give my predictions for 2023. The first quarter of 2023 will be very volatile, and since we are closing out the year on a weak note, that volatility will likely carry over into the first quarter. 2023 will end up in double digits for the year. The economy is strong, unemployment is weak, anyone who wants a job can find one, and our banking system is very solid. Inflation is starting to roll over, the Fed will stop raising rates at the March meeting and that will take a lot of pressure off the markets. Historically, the market has only closed lower 2 years in a row 4 times, so the odds are very high for a positive year in 2023. Bonds will start to rebound after the first quarter. The bond market has overshot and will finish up in 2023.