Wall St ends 2022 with biggest annual drop since 2008
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Go back to Wall St ends 2022 with biggest annual drop since 2008
December 30, 2022 12:24 PM EST
In a note to clients Thursday, BofA analyst Alex Makedon said value won in 2022, and investors should "stick with it."
"While Value factors (+5.1% on avg.) trailed Growth factors (+6.0% on avg.) in Nov., Value remains ahead of Growth so far in 2022 (-3.7% vs -4.0%, respectively)," the analyst wrote.
He explained that 2022 was "marked by broad market leadership," with 73% of the almost 50... More
December 30, 2022 11:44 AM EST
Reuters reported Friday, in the last session before the new year, that global hedge funds are set to post their worst return in 14 years.
Aggressive Federal Reserve interest rate hikes and other macroeconomic headwinds have significantly impacted asset prices in 2022. However, Reuters said that some hedge funds that... More
